$700,000
$750,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
171 Powell St Lowell, MA 01851
4 Baths
3,353 SqFt
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,353 sqft
Price per Sqft $208
MLS Listing ID 73334575
Sold Date 04/02/25
Full Baths 4
Year Built 1900
Annual Tax Amount $6,292
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type 4 Family
Property Description
Excellent investment or owner-occupied opportunity! This 4-unit property offers a strong Investor Cap Rate of 8.34%. Conveniently located near restaurants and shopping, within walking distance to a pharmacy, and offering easy access to highways. Just 1 mile from the Lowell MBTA station. 2 furnaces in cellar for 1st fl and 2 furnaces in the attic for 2nd fl. Includes 4 off-street parking spaces. Property has been managed by same Company for over 60 years. Low turnover, long term tenants. Some Section 8 Leases in place.
Location
State MA
County Middlesex
Zoning TTF
Direction Rte.110 / Chelmsford Street to Powell Street
Interior
Interior Features Living Room, Kitchen
Appliance Washer, Dryer, Range, Refrigerator
Exterior
Community Features Public Transportation, Shopping, T-Station
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot
Story 6
Foundation Other
Sewer Public Sewer
Water Public
Schools
Elementary Schools Ab. Lincoln Ele
Middle Schools James S. Daley
High Schools Lowell High
Others
Senior Community false
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Bought with Marcos Doliver • Prime Choice Real Estate