12 Columbus Ave - Multi-Family FOR SALE


Lowell, MA 01851- Highlands Lowell
$900,000 USD
781-776-4000
12 Columbus Ave, Lowell, MA for Sale
$900,000 USD
Multi-Family - FOR SALE
1/13
null | 6.23% Cap Rate

12 Columbus Ave
Lowell, MA 01851
Highlands Lowell


HIGHLIGHTS

  • Convenient Location
  • Strong Suburban Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 12 Columbus Avenue in Lowell, Massachusetts (the “Property”). Situated in a highly accessible location just west of Downtown Lowell, 12 Columbus Avenue is part of the Highlands neighborhood with convenient access to area schools, restaurants and bars, area shopping, entertainment venues, and regional transportation. 12 Columbus Avenue consists of a three-story building containing a total of four (4) units, comprised of one (1), 3+-Bedroom/1-Bathroom unit, one (1), 2-Bedroom/1-Bathroom unit, one (1), 1+-Bedroom/1-Bathroom unit, and one (1) 1-Bedroom/1-Bathroom unit, in 4,572 square feet of living area and 6,396 total gross square feet on 0.06 acres of land. The Property is separately metered for electric, heat and hot water. Landlord is responsible for common area electric and domestic water & sewer. Current rents are below market and offer attractive upside by bringing the rents up to market rates. 12 Columbus Avenue offers the opportunity to acquire a well-maintained investment property with upside in a desirable Merrimack Valley location. The subject property is ideal for a potential buyer looking for strong investment returns with value-add potential. Lowell’s future is bright, thanks to continued commercial and infrastructure development in Lowell and the surrounding areas.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

6.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

TTF

APN/PARCEL ID

LOWE-000102-001415-000012

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.