122 11th Street

Lowell, MA 01850

$4,200,000
Last Sold Price
30
Beds
30
Baths
9,621 Sq. Ft.
$437 / Sq. Ft.
9,621
Sq. Ft.
$437
per Sq. Ft.

Description

JBorstell Real Estate is pleased to present 11th St Apartments located at 122 11th St in Lowell. Located near the Lowell/ Dracut line, with a breakdown of studios, 1-beds and a 2-bed, this 29 unit apartment complex has high rental demand and great potential. An investor can choose to collect cashflow as-is, or do cosmetic updates throughout to get significant rent increases. The structure and systems can’t get much better than this. The property is also host to a large amount of usable basement space...JBorstell Real Estate is pleased to present 11th St Apartments located at 122 11th St in Lowell. Located near the Lowell/ Dracut line, with a breakdown of studios, 1-beds and a 2-bed, this 29 unit apartment complex has high rental demand and great potential. An investor can choose to collect cashflow as-is, or do cosmetic updates throughout to get significant rent increases. The structure and systems can’t get much better than this. The property is also host to a large amount of usable basement space for management and maintenance including a storage area with racking and a carpentry shop to do maintenance work in. All inventory and equipment is negotiable. With over a dozen private parking spaces and ample on street parking, there is plenty to go around. Also attached is the property lines showing the additional lot abutting. Overall the property is in great condition with closed circuit security cameras, backup generator and an inventory of appliances and other materials.
  1. Listed by Patrick Hermans • J. Borstell Real Estate, Inc.

Property Details for 122 11th Street

Town
Lowell
Area
MA-Lowell
Style
Garden
Garage Spaces
0
Parking Spaces
14.00
Parking Spaces Total
14

Location

Listing Courtesy of J. Borstell Real Estate, Inc., Patrick Hermans

Sold By Hancock Realty Group LLC, Israel Reyes

Add your commute
LISTING UPDATED: 08/06/2022 07:46 AM

Property Details for 122 11th Street

StatusSold
MLS #72872083
Days on Market57
Taxes$18,032 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of J. Borstell Real Estate, Inc., Patrick Hermans

Sold By Hancock Realty Group LLC, Israel Reyes

Add your commute

Building Information for 122 11th Street

Stories3Residences29Year Built1900Building Size-Lot Size0.53 AC / 23,201 SF

Payment Calculator

$24,424 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,921

Property Taxes

$1,503

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 122 11th Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park
  • Current Financing: Conv. Fixed
  • Living Area: 9621.0
  • Total Units: 29
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Gas Water Heater
  • Basement Features: Full, Partially Finished, Walk Out, Concrete Floor
  • Num of Baths: 30.0
  • Num of Full Baths: 30
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 30.00
  • Bathrooms Total Integer: 30
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Carpet, Varies Per Unit
  • Interior Features: Lead Certification Available, Storage, Mudroom, Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room
  • Interior Features: Security System
  • Laundry Features: Laundry Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Professional Landscaping, Garden
  • Exterior Features: Professional Landscaping, Garden Area
  • Lot Description: Corner Lot
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Green Energy Efficient: Varies per Unit
  • Heating: Unit 1(Forced Air), Unit 2(Forced Air), Unit 3(Forced Air)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Rent Roll and Expenses are provided upon request. Lead certs for 27 of the 29 units. Buyer to do their own due diligence on the permitted use of the abutting lot.
Tax Information
  • Tax ID: 3192095
  • Assessments: $1,339,700
  • Book: 7659
  • Tax Year: 2021
  • Zoning: m1000
Building / Association Information
Living Characteristics
  • Beds Total: 30
  • Total Living Levels: 3
Other Building Characteristics
  • Accessibility Features: Handicap Access
  • Foundation: Stone, Brick/Mortar
Income / Expenses
  • Annual Expenses Source: Owner
Complex & Association Information
  • Association Security: Security System
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: .5
  • Other Agent Compensation: 0

Property History for 122 11th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 122 11th Street

Taxable ValueLand$725,000Additions$1,687,200Total$2,412,200
Tax Record2023$29,960 ($2,497 / month)
Home Facts
Total Finished SqFt9,621 SqFtAbove Grade Finished SqFt9,621 SqFtUnfinished Basement SqFt3,710 SqFtStories3Lot Size23,201 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningTTFCountyMIDDLESEXAPNLOWE M:195 B:2060 L:122

Schools near 122 11th 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
S Christa Mcauliffe Elementary School
PublicPK to 4

Greenhalge Elementary School
PublicPK to 4

Reilly Elementary School
PublicPK to 4

Henry J Robinson 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of J. Borstell Real Estate, Inc., Patrick Hermans

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.