1317 Middlesex Street in Lowell is an investment property consisting of 6 rental bays with four (4) more being built out, two (2) 24/7 self automated car washes, Luke’s Roast Beef (take out only restaurant) and 11 vacuums. The property is currently undergoing adding 4 two bedroom apartments on the second level and obtaining permits to add a second level above the car wash and additional rental bays for additional apartments. The property’s cost analysis is valued at $3.8 million. The property is built on 0.50 acres right outside the center of Lowell. The multi storied building is 12,000 square feet with 6 garage bays, with 5 occupied with 4 more bays being built. The property abuts the Riverview Apartments to the rear which houses up to 510 UMASS Lowell Students. They have historically used the car washes and Luke’s Roast Beef frequently while semesters are in session. The property’s cost analysis is valued at $3.8 million. The property has historically run on a cash basis.