Beds9
Baths3
Sq.Ft.6,861
Year1900
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Lyv Realty
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Status:
Active
Property Type:3 Family - 3 Units Side By Side
MLS #:73160777
Sq. Feet:6,861
On Site:13 Days
Lot Size:0.08 Acres
County:Middlesex
FANTASTIC INVESTMENT OPPORTUNITY IN LOWELL!!! Charming oversized 3-family rowhouse on corner lot is perfect for an owner occupant, or as a standalone investment! Commuter friendly Back Central location, all 3 units have a spacious floor plan, fully-applianced kitchens & 3 bedrooms on 2nd level. Separate utilities, W/D hook-ups, and loads of storage room in separate basement spaces. Excellent expansion potential in unfinished 3rd floor walk-up attics, each unit featuring 4 extra sun-filled rooms. Great investment for rental income, condo conversion or smart owner occupant. Property may be developed into 3 separate condos (buyer to complete all due diligence, investigate any building permits, variances & other items required by city to develop). Metal roof, fenced-in, private backyards, perfect for summer gatherings, & those with kids/pets. Close to major routes (Rte. 3, I-495), commuter rail, downtown, shopping, restaurants, movie theater & parks. Short walk to area colleges. Must see!
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Community Information
Address:161-165 Chapel Street, Lowell, MA 01852
County:Middlesex
City:Lowell
Zip Code:01852
School Information
High School:Lhs/Lowell Voc
Middle School:Rogers Stem Aca
Elementary School:Moody/Rogersst
Architecture
Bedrooms:
9
Bathrooms:
3
Year Built:1900
Stories:6
Construction Materials: Frame
Building Area: 6861
Roof: Metal
Foundation: Stone
Basement: Full, Interior Entry, Concrete, Unfinished
Features / Amenities
Interior Features: Storage, Unit 1(Ceiling Fans, Pantry, Storage, High Speed Internet Hookup, Bathroom With Tub & Shower, Programmable Thermostat, Internet Available - Unknown), Unit 2(Ceiling Fans, Storage, Crown Molding, Walk-In Closet, Bathroom With Tub & Shower), Unit 3(Ceiling Fans, Pantry, Storage, Stone/Granite/Solid Counters, High Speed Internet Hookup, Walk-In Closet, Bathroom With Tub & Shower, Programmable Thermostat), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Dryer, Utility Connections Varies per Unit
Flooring: Wood, Tile, Vinyl, Carpet, Bamboo, Parquet, Unit 1(undefined), Unit 2(Wood Flooring, Wall to Wall Carpet), Unit 3(Tile Floor, Wood Flooring)
Laundry: Washer Hookup, Unit 1(Washer Hookup
Exterior Features: Patio, Fenced Yard
Patio And Porch: Patio
Door Features: Storm Door(s)
Green Energy Efficient: Thermostat, Varies per Unit
Cooling: Unit 1(None), Unit 2(None)
Heating: Unit 1(Forced Air, Gas), Unit 2(Forced Air, Gas), Unit 3(Forced Air, Gas)
Total Rooms:15
Property Features
Lot Size:
0.08 Acres
Lot Features: Corner Lot, Level
Frontage Length: 65.00
Utilities: for Gas Range, for Electric Range, for Gas Dryer, Washer Hookup, Varies per Unit
Sewer: Public Sewer
Water: Public, Individual Meter
Electric: Circuit Breakers
Road Frontage: Public
Road Responsibility: Public Maintained Road
Road Surface: Paved
Fencing: Fenced/Enclosed, Fenced
Zoning:TTF
Directions:Gorham Street to Central Street, left onto Chapel Street. Property on the left.
Tax and Financial Info
Tax Year: 2023
Tax Annual Amount: $10,314
Gross Income: $13,200
Net Operating Income: $13,200
Terms: Contract
Total Actual Rent: $1,100
Rent Includes: Unit 1(Water)
Buyer Agency Compensation: 2.0
Buyer Agent Compensation: 2.0
Disclosures: Property being sold in "as is" condition. Units #2 & #3 will be delivered vacant, unit #1 is TAW & well below market rents. Long term tenant in unit #1 would like to stay. Unit #2 dryer is non-functioning, and will be removed
Listing Agent/Office
Listing provided courtesy of Sandra Bettencourt, Bettencourt Real Estate.
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161-165 Chapel Street Lowell, MA 01852
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Listing Information Last Updated 10/1/2023