151-159 Wood St - Apartments FOR SALE


Lowell, MA 01851- Highlands Lowell
$11,700,000 USD
781-776-4000
151-159 Wood St, Lowell, MA for Sale
$11,700,000 USD
Apartments - FOR SALE
1/15
null | 6.69% Cap Rate

151-159 Wood St
Lowell, MA 01851
Highlands Lowell


HIGHLIGHTS

  • Convenient Location
  • Strong Suburban Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Wood Crest Apartments, a multi-family investment property located at 151-159 Wood Street in Lowell, Massachusetts (the “Property”). Situated in a highly accessible location off US Route 3, the Wood Crest Apartments are part of the Highlands neighborhood in Lowell’s Downtown, with convenient access to area schools, restaurants and bars, area shopping, entertainment venues, and regional transportation. The Wood Crest Apartments consists of a three-story brick building containing a total of fifty-one (51) units, comprised of three (3), 2-Bedroom/1.5-Bathroom townhouse style units, twenty-nine (29), 2-Bedroom/1-Bathroom units, fourteen (14) 1-Bedroom/1-Bathroom units, three (3) Deluxe 1 Bedroom/1-Bathroom units, and two (2) Studio units with 33,772 square feet of living area in 37,510 total gross square feet on 0.91-acres of land. Many of the units have been renovated with updated kitchens including stainless steel appliances, updated baths, vinyl plank flooring, granite-like countertops, tile backsplashes, and new light fixtures. Wood Crest Apartments offers the opportunity to acquire a well-maintained investment property with upside in a desirable Merrimack Valley location. The 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

$11,700,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

51

PRICE/UNIT

$229,412

CAP RATE

6.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wood Crest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

53

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

SMU

APN/PARCEL ID

LOWE-000047-006480-000151

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.