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317 Nesmith St

Lowell MA 01852

7
6
3131 sq. ft.
2613 sq. ft.
Other
Currently for sale - view listing

Overview

Very well maintained building with stabilized rents and performing at a true 8% cap rate with room to improve. This turn-key investment property is bringing in over $112,000 in annual gross rents and is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best income producing multi family investment property on the market in Lowell today!

Features

7 bedrooms
6 bathrooms
3131 sq. ft. floor area
2613 sq. ft. lot size
Other

Property history for 317 Nesmith St

2023
Sold
$805,000
30 Jun 2023 by Nick Cowden, of Century 21 North East
2009
Sold
$195,000
08 Oct 2009 by Richard Lepine, of Dick Lepine Real Estate,Inc.

Happy sellers in Lowell

94%
94% of sellers in Lowell reported that their sale price either exceeded or met their price expectations.

Lowell stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Lowell over the last 12 months.

Local market activity for 7 bedroom other properties in Lowell

In the last 12 months, 2 seven-bedroom other properties similar to 317 Nesmith St, have been sold.

This represents a 100% decrease in seven-bedroom other properties sales when compared to the previous 12 months.

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