For Sale

Listed by Nick Cowden from Compass

Source: MLS Property Information Network Inc #73484860

317 Nesmith St, Lowell, MA, 01852

$995,000

7
6
3131 sq. ft.
2613 sq. ft.

Other

30+ days on the market

What's around 317 Nesmith St

About this property

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!

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