Don’t miss this large six-family property located in a convenient location, just off of Bridge St. The property features many recent updates including an all new roof, 6 new heating systems, updated plumbing, updated electrical throughout, and a new sprinkler system installed in 2015. Comprised of all two-bedroom units, there have been various updates throughout, such as granite countertops, cabinets, updated bathrooms, and laundry hookups in the basement making them highly appealing to tenants. With tenancy-at-will agreements in place and strong rental income, this property will be a reliable investment for years to come.
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Last Updated: November 26th, 2024 at 7:28am
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General Information for 14-16 2nd St, Lowell, Massachusetts 01850
Property TypeResidential Income
Property Sub TypeMulti Family
Price$1,325,000
Price per sqft$245.37
MLS #73309795
Handicap Access / FeaturesNo
List Date2024-11-05
Special Listing Conditions
StateMassachusetts
Street Name2nd St
CityLowell
Zip Code01850
CountyMiddlesex
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones6
Sold Date03/01/2025
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total5400
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress14-16 2nd St, Lowell MA 01850
Zoning
Interior Features for 14-16 2nd St, Lowell, Massachusetts 01850
* Approx. Living Area Total5,400 sq ft
Living Area Includes BasementNo
Bedrooms12
* # Fireplaces0
Bathrooms (Total)6
Full Baths6
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$240
MLS Area (Major)
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_32
MLSPIN_BEDRMS_42
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_41
MLSPIN_GRE$12,340
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate25/11/2024
Exterior Features for 14-16 2nd St, Lowell, Massachusetts 01850
* Approximate Lot Size0.09 acres
Covered Parking Spaces0
Lot FeaturesLevel
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1880
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsStone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)3,920 Sqft
Disclosures for 14-16 2nd St, Lowell, Massachusetts 01850
Buyer Agent Compensation2
ContingencyPending P&S
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintCertified Treated
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 14-16 2nd St, Lowell, Massachusetts 01850
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceOwner
Gross Income$133,440
Insurance Expense$6,500
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT11880
MLSPIN_RENT21940
MLSPIN_RENT31800
MLSPIN_RENT41800
MLSPIN_RFS$3,600
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$100,700
OperatingExpense$12,340
OriginalListPrice$1,325,000
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
TOTAL_RENT11120
WaterSewerExpense$2,000
Lifestyle Information for 14-16 2nd St, Lowell, Massachusetts 01850
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 14-16 2nd St, Lowell, Massachusetts 01850
Elementary School
Middle School
High School
NumberOfUnitsTotal6
Marketing History for 14-16 2nd St, Lowell, Massachusetts 01850
MLSPIN_MARKET_TIME_BROKER20
MLSPIN_MARKET_TIME_PROPERTY20
PurchaseContractDate2024-11-12
Agent Information for 14-16 2nd St, Lowell, Massachusetts 01850