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Key Details
Sold Price $705,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,454 sqft
Price per Sqft $204
MLS Listing ID 73226026
Sold Date 06/21/24
Bedrooms 6
Full Baths 4
Year Built 1938
Annual Tax Amount $7,842
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Nestled at 197 White St in Lowell, MA, this multi-family property boasts four units featuring a total of six bedrooms and four baths, offering ample living space for tenants. Its strategic location near Umass Lowell adds to its appeal, likely drawing students and faculty seeking accommodation. A notable perk is the provision of four off-street parking spaces, ensuring convenience and potentially attracting more tenants. Moreover, with tenants responsible for utility payments, the property holds promise for generating positive cash flow. However, thorough due diligence, including viewings and financial analysis, remains crucial. Overall, this property presents an enticing investment opportunity for those seeking stable returns in the Lowell area.**Group showing 5/1/24 at 12pm
Location
State MA
County Middlesex
Zoning TTF
Direction Riverside to Mt. Hope to White Street
Rooms
Basement Full
Interior
Flooring Tile, Vinyl, Carpet
Exterior
Community Features Public Transportation
Waterfront false
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot
Story 4
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Acceptable Financing Estate Sale
Listing Terms Estate Sale
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Bought with Silver Key Homes Group • LAER Realty Partners