75 Bowers St - Apartments FOR SALE


Lowell, MA 01854- The Acre
$1,095,000 USD
203-692-2420
75 Bowers St, Lowell, MA for Sale
$1,095,000 USD
Apartments - FOR SALE
1/15
null | 6.41% Cap Rate

75 Bowers St
Lowell, MA 01854
The Acre


HIGHLIGHTS

  • Five Unit Multifamily Property
  • (3) One Bedroom & (2) Two Bedroom Floor Plans
  • Complete Renovation in 2019
  • Off-Street Parking
  • Lead Certificates for Each Unit
  • Coin-op Laundry

OVERVIEW

Northeast Private Client Group® is pleased to present present The Bowers Street Apartments at 75 Bowers Street in Lowell, MA. This two-story, five-unit multifamily property has (3) one-bedroom and (2) two-bedroom floor plans. Fully rehabbed in 2019, the building received new plumbing, electrical, fire alarm system, HVAC and more. All units have been renovated and there is coin-op laundry on the first floor. The new buyer has upside through raising rents to market rate without any major renovations. It is conveniently located near public transportation, shopping, and dining options, with easy access to Boston. All interested and qualified parties can tour the property during scheduled appointments and obtain additional information upon request.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

5

PRICE/UNIT

$219,000

CAP RATE

6.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

75 Bowers Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,954 SF

ZONING

TMF

APN/PARCEL ID

LOWE-000117-000705-000075

ASK ABOUT THIS PROPERTY

Edward JordanNortheast Private Client GroupMore Info
203-692-2420

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Edward JordanNortheast Private Client GroupMore Info
203-692-2420

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