12-14-16 Varney St, Lowell, MA 01854
- Beds
- 11
- Baths
- 10
- Sqft
- 7,862
- Garage
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
- 3
- 0
Overview
Excellent Investment opportunity. IRS 1031 Exchange Option available. Property has been managed by same company for 35 plus years. Good Condition and Low Turnover. The property consists of two buildings: 12 Varney, which has 4 units, and 14-16 Varney, offering 6 units. With a total of 10 units generating over $10k in monthly income, which is a 9.18% Cap Rate. 14 Varney has new steam boiler installed 2020, Elec panel updated to breakers 2020, Sewer line upgraded 2023. The location is convenient, with easy access to Lowell MBTA, shopping, and a public park, as well as major highways. Additionally, the property includes a small yard, 1-car garage, 2 off-street parking and plenty of on-street parking.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 11
- Number of bathrooms
- 10
- Square feet
- 7,862
- Lot size (acres)
- 0.21
- Year built
- 1900
Garage and parking
- Garage parking spaces
- 1
Utilities
- Sewer
- Public sewer
- Water
- Public
Estimated monthly costs
- Electricity
- $4,729
- Insurance
- $3,122
Taxes
- Tax Annual Amount (2024)
- $8,345
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MLS Property Information Network (MLS PIN) MLS®#: 73334630 Last checked: …
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