110 Branch Street
110 Branch Street
$529,000
7
3
2,572
2,572
$206
Contingent
Description
Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93...Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93 per month(U10: $249.01, U11: $489.92). Both units are on the top-floor and next to each other. Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for exteriors, water/sewer, snow & trash removal and master insurance, etc). With this high rental demand, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings. Don't forget to see the Lowell Housing Fair market rent rates.
- Listed by Mei Zhou • Coldwell Banker Realty - Andover
Property Details for 110 Branch Street
Town
Lowell
MLS AreaHighlands
AreaMA-Lowell-Highlands, MA-Lowell
Garage Spaces0
Parking Spaces2.00
Parking Spaces Total2
Location
LISTING UPDATED: 04/18/2024 01:47 PM
Property Details for 110 Branch Street
Status | Contingent |
---|---|
MLS # | 73222337 |
Days on Market | 8 |
Taxes | $4,133 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 2 Family - 2 Units Up/Down |
Year Built | 1895 |
County | Middlesex County |
Location
Building Information for 110 Branch Street
Stories6Residences2Year Built1895Building Size-Lot Size0.00 AC / 0 SF
Payment Calculator
$3,231 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 110 Branch Street
Property History for 110 Branch Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 110 Branch Street
This home is within Lowell School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 4 | |||
Public - | PK to 4 | |||
Public - | PK to 4 | |||
Public - | 5 to 8 |
Rating | School | Distance |
---|---|---|
C.W. Morey Elementary School PublicPK to 4 | ||
Abraham Lincoln Elementary School PublicPK to 4 | ||
Charlotte M Murkland Elementary School PublicPK to 4 | ||
Kathryn P. Stoklosa Middle School Public5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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