Rare Opportunity to own this Lead Compliant 9-UNIT property conveniently located close to shops, downtown Lowell, UMass and Lowell General Hospital! Consisting of two buildings, the front building offers SIX – 2 bedroom apartments and the back building offers THREE – 3 bedroom apartments, all currently rented. All units are separately metered for electric and gas and there is coin operated laundry in the basement as well as newer heating systems and a parking agreement with the current owner for 11 spots on the side of the building. All units are TAW. This is an outstanding opportunity for the savvy investor! Financials available upon request.
Sale Statistics
Sale Overview
Original List Price:$1,599,900
Final Sale Price:$1,530,000
Difference:
$69,900 (-4.4%)
Performance Metrics
95.6%
List to Sale Ratio
Sold below asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$212
Sale $/sq ft:$203
This property sold for $203 per square foot
Sale Summary
This property sold for 4.4% below the original asking price.
With only 6 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
1930
Bedrooms
21
Full Bathrooms
9
Living Area
7,530 sq ft
Total Rooms
39
Stories
5
Levels
5
Interior Features
Flooring
Wood, Vinyl, Carpet
Has Fireplace
No
Basement Details
Full
Exterior & Structure
Construction Materials
Frame
Roof
Rubber
Foundation
Stone
Patio/Porch Features
Deck
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.13 acres
Lot Size
5,509 sq ft
Lot Size Area
0.1300
Lot Features
Other
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
11
Parking Features
Leased, Other
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, Individually Metered
Community & HOA
Community Features
Public Transportation, Shopping, Park, Medical Facility, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$15,362
Tax Year
2023
Tax Assessed Value
$1,236,900
Parcel Number
M:154 B:65 L:46,3186673
Zoning
TMU
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Parking is rented by the owner from the abutting parcel. Proof of funds or bank pre-approval required for showings. 24 hour notice. Financials available upon request.
Location
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Neighborhood
46 Aiken Ave, Lowell MA 01850
Lowell, MA 01850
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$1,280
Homeowners Insurance$200
PMI$0
Property History
Market Insights
4.4%
Price Range
7
Total Days on Market
Property Timeline
✓
Sold
Dec 7, 2023
$1,530,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Oct 24, 2023
$1,599,900
Original listing
Agent: Kerry NicollsOffice: Foundation Brokerage Group
