For more information on this property, contact Katya Pitts at 617335-8552 or katya.a.pitts@gmail.com

1344-1354 Gorham St
Lowell, Massachusetts MA 01852-5214
Price: $1,150,000
Listing ID 72942576
Status Pending
Total Baths 9
Acres 0.160
Year Built 1985

Property Description:

A unique package deal of two (2) mix use parcels consisting of a 4 unit residential multifamily all with hardwood flooring & central air & heat, alongside 2 commercial strip units. Some good updates here within the last 6 years that include new roofs, central a/c and heating units. So If your a business owner seeking a new location, this is a very high volume traffic area of Rt.3A and right on the city bus route & Town of Chelmsford line. Minutes to train/bus station & highway routes. 100% occupied - 90% of tenants are Tenant At Wills -. Annual Rent Roll - $112,200 (70% of current rents are below market). Buyer to do their own due diligence. Sold As Is.

Primary Features

County: Middlesex
Property Type: Commercial Sale
Year Built: 1985

Interior

Building Area Units: Square Feet

External

Farm Land Area Units: Square Feet
Lot Size Area: 0.16
Lot Size Square Feet: 6867
Lot Size Units: Acres
Parking Total: 20
Roof: Asphalt/Composition Shingles, Rubber
Utilities: Public Water, Public Sewer, Natural Gas Available

Location

Country: US
Directions: Located on Route 3A across from St. Patricks Cementary
MLS Area Major: South Lowell
Zoning: B1000
Zoning Description: Legal Conforming

Additional

Business Type: Commercial
Mls Status: Under Agreement

Financial

Buyer Agency Compensation: 2.0
Contingency: Pending P&S
Disclosures: Multi-Family Had Small Fire Contained To Just 1st Floor Unit Caused By Tenant Smoking Back In Oct. 2011. Larger Commercial Unit Was Prior Laundromat And Still Has Plumbing Connections Behind The Walls. 1344 & 1354 Are Taxed Separately.
Gross Income: 112000
Net Operating Income: 89000
Operating Expense: 24000
Sub Agency Compensation: 1.0
Tax Annual Amount: 160000
Tax Book Number: 7686
Tax Year: 2021
Transaction Broker Compensation: 1.5

Zoning Info


Area Info


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