SoldApr 26, 2018

Listed by Brian Donoghue from Universal Property Management

Bought with Elvis Doda

Source: MLS Property Information Network Inc #72251997

25 Read St, Lowell, MA, 01850

$331,000

6
4
5
2769 sq. ft.
2790 sq. ft.

MultiFam

Sold: Apr 26, 2018

What's around 25 Read St

About this property

Great opportunity for the investor with this fully lead compliant multi-family in the Centralville section of Lowell. Convenient to RT-38, RT-110 & RT-495. Roof is approximately two years old, siding eight to ten years old. Heat, hot water and cooking is by gas for each unit. At least five off-street parking spots total, potentially six. Two spacious three bedroom units. And while this is listed by the city as a legal two-family, it has been used as a three family for at least the length of this owner's possession, with the top floor being a large and wide open studio. All units have lead certificates. All units have two means of egress. 2nd floor unit is currently vacant and is being leased by owner @ $1450.00 per month as of December 1st. There is room for movement on the rents of the other two units. Prospective buyer to do own due diligence with regard to 3rd floor unit. This would be an excellent purchase for an investor in today's market.

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