8-10 Read St - Apartments FOR SALE


Lowell, MA 01850- Centralville
$975,000 USD
781-776-4000
8-10 Read St, Lowell, MA for Sale
$975,000 USD
Apartments - FOR SALE
1/9
null | 8.64% Cap Rate

8-10 Read St
Lowell, MA 01850
Centralville


HIGHLIGHTS

  • Attractive Location
  • Walkable Retail Amenities
  • Convenient Commuter Access
  • Strong Demographics
  • Separate Utilities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 8-10 Read Street in Lowell, Massachusetts (the “Property”). The Property is well-located in the Centralville neighborhood in Lowell’s northeastern quadrant. The Property contains six (6) residential units comprised of four (4) Two-Room Studio units and two (2), 3-Bedroom/1-Bathroom units with 4,253 square feet of living area in 6,281 gross square feet on 0.06-acres of land. The Property features an on-site laundry facility. The building is well located just outside of Downtown Lowell, seconds from the bank of the Merrimack River and the VFW Highway. The Property enjoys convenient access to Downtown, UMass Lowell, the Lowell General Hospital, several area schools, local and national retailers, area businesses, and the Lowell Train Station. Lowell is a vibrant city of 117,000 residents, making it the second largest city in the Boston MSA, and home to UMass Lowell, the second largest public university in the state which has an enrollment in excess of 18,000 students. The area is also home to Middlesex Community College, which has an enrollment of 13,000 students.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

6

PRICE/UNIT

$162,500

CAP RATE

8.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-10 Read St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

M1001

APN/PARCEL ID

LOWE-000198-004870-000008

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 Notice.