82 Willie Street

Lowell MA 01854

3771 sq. ft.

2178 sq. ft.

Other

Currently for sale - view listing

Overview

Great opportunity for the buyer of this fully tenanted triple-decker in the Acre, a neighborhood undergoing significant revitalization efforts. All three units currently occupied with a total monthly rent roll of $6450.00, and with significant upside potential. Each unit provides a kitchen, living room, four bedrooms and one full bath, with both the 2nd and 3rd floor units having an additional enclosed porch, which are not noted in the room count below. Each unit also offers a full front porch. All units are separately metered and tenants are responsible for payment of own electric, heat, hot water and cooking. Unit electric panels for each apartment, and hot water tanks, are in the basement. Hot water tanks are newer, 2 x 2024 and 1 x 2025. Each unit has its own heating system. Heating system for 1st floor is in the basement and both 2nd floor and 3rd floor heating units are in their respective apartments. All three units are lead compliant, with certificates in hand. All three units have current rental unit permits. Location is on public transit and within a short distance of all area amenities. Both the bus depot and train station are a short distance away, and the Lowell Connector, RT-3, I-495 and RT-38 are all within a quick drive. This is a solid property with a strong rental history and plenty of room for movement on the rents. Buyer is aware and acknowledges that Seller may perform an IRC Section 1031 tax deferred exchange. Seller requests Buyer’s cooperation in such an exchange and agrees to hold Buyer harmless from any and all claims, costs, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract by the Seller.