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426 Fletcher St Lowell, MA 01854
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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type 5+ Family - Rooming House
Listing Status Sold
Purchase Type For Sale
Square Footage 3,368 sqft
Price per Sqft $237
MLS Listing ID 73334641
Sold Date 05/07/25
Bedrooms 14
Full Baths 5
Half Baths 1
Year Built 1870
Annual Tax Amount $4,987
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type 5+ Family - Rooming House
Property Description
Great Investment Opportunity with option for IRS 1031 Tax Deferred Exchange for Qualified Investor. Across from South Common in a prime location.14-unit rooming house with 2 units w/ private baths, 12 tenants sharing 3 &1/2 bathroom facilities. All utilities are included in the rent. The building is well-maintained and conveniently located near public transportation, shopping, and easy highway access. Cap Rate: 11.51%. Sprinkler system installed 1994, two new hot water tanks installed 2/5/25, two holding tanks installed in 2022 and new vinyl sided in 2022. 4 off-street parking and plenty of on-street parking. Good Condition, Well maintained & Low turnover, Property managed by same Company for 45 years. Unique Opportunity.
Location
State MA
County Middlesex
Zoning TMF
Direction Andover St. to Canal St. to Jackson St. to Fletcher St.
Interior
Interior Features Laundry Room
Appliance Washer, Dryer, Range, Refrigerator
Exterior
Community Features Public Transportation, Shopping, Park, Public School, T-Station, University
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Charlotte M.
Middle Schools Kathryn P. Stok
High Schools Lowell High
Others
Senior Community false
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Bought with Paul Brouillette • LAER Realty Partners