80 Gorham Street, DowntownLowell, MA 01852MLS Number 72295051

  • Price: $599,000
  • 69 Days on Market
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Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.12Acreage
  • 1825Year Built

Driving Directions

Great Investment Opportunity in 7 total units: 5 residential units, 4 of them being 2 beds & 1 being a single bed. 3 units only occupied getting under market rent. This property is centrally located to all major shops, schools, and hospitals. It's 1 mile from Tsongas Arena, less than a mile to UMASS Lowell, a short walk to the UMASS Lowell Conference Center, and less than a mile to Lowell General Hospital. This property is getting a 3.11% CAP RATE with having 3 out of the 5 units occupied, 2 retail spaces are unoccupied. Under 50% occupied. Force instant appreciation by occupying all units to maximize income potential and get a CAP RATE of 8% full occupied.

Listed by Peter Giannikopoulos of Century 21 Commonwealth

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More Info

Basic Information

  • List Price$599,000
  • StatusACT
  • Year Built SourcePublic Record
  • Year Built1825
  • LeaseNo
  • Date Listed03/17/2018
  • DirectionThorndike St to Appleton St to Gorham St
  • MLS Number72295051
  • Status Date2018-03-19T12:27:00

Exterior

  • ConstructionFrame
  • Roof MaterialAsphalt/Fiberglass Shingles

Photos

  • Photo Date2018-03-19T12:27:00
  • Number of Photos1

Other

  • Modification Date2018-03-23T03:06:00
  • Property Type5+ Residential
  • Listing AlertNo
  • DisclosureYes
  • DisclosuresProperty Sold As-Is. Buyer to do own diligence on sqft of each unit.
  • Book8703
  • Listing AgreementExclusive Right to Sell
  • Prop TypeCI
  • ExchangeNo
  • Firm Rmk1See Pro Forma under Forms
  • Parcel NumberM:180 B:2675 L:80
  • Page35

Location

  • Street No80
  • Building Number80
  • StreetGorham Street
  • Zip01852
  • Zip Code 42503
  • StateMA
  • CountyMiddlesex
  • NeighborhoodDowntown
  • LocationDowntown, Urban, Highway Access, Public Transportation
  • TownLowell

Utilities

  • UtilitiesPublic Water, Public Sewer

Building

  • No Buildings1
  • No Stories3
  • Total Units7
  • Entry OnlyNo
  • Assessed Value Bldg45000
  • Rsu Units5
  • Reu Units2

Property

  • Acreage0.12
  • Net Operating Inc18657
  • Parking Spaces
  • Space AvailableFor Sale
  • Site ConditionLevel
  • SubletNo
  • Gross Annual Exp8943
  • Gross Annual Income27600
  • Lot Size5087
  • Assessed Value Land117200
  • Main LoAN2754
CENTURY 21 Advance Realty
Office: 781-395-2121
284 Salem Street
Medford, MA 02115

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.

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