Homes for sale - 115 Salem St, Lowell, MA 01854

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Emilio DiSpirito

emilio.dispirito@engelvoelkers.com +1(401) 359-2338

$ 1,799,000

Est. payment -/mo

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Active Under Contract

115 Salem St Lowell, MA 01854

17 Beds

8 Baths

7,038 SqFt

UPDATED:

11/14/2024 02:26 PM

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,038 sqft

Price per Sqft $255

MLS Listing ID 73304464

Bedrooms 17

Full Baths 8

Year Built 1900

Annual Tax Amount $10,041

Tax Year 2024

Lot Size 3,920 Sqft

Acres 0.09

Property Description

Here’s an incredible opportunity to purchase a well-maintained 8-unit building located near UML's East Campus. This property features seven 2-bedroom units and one 3-bedroom unit, all currently occupied with tenants at will. The building underwent a comprehensive gut renovation in 2010, during which all utilities were updated. This extensive renovation included the replacement of plumbing, electrical systems, insulation, roofing, siding, windows, kitchens, bathrooms, and more, ensuring a modern and efficient living environment. Additionally, the owner installed fire alarm and sprinkler systems throughout the building for enhanced safety. Tenants are responsible for their own utilities and enjoy convenient on-site laundry services with access to two washers and two dryers. With its prime location, under market rents and extensive upgrades, this building is a fantastic investment opportunity for all types of buyers.

Location

State MA

County Middlesex

Zoning UMF

Direction Route 113 to University Ave to Salem Street

Interior

Interior Features Ceiling Fan(s), Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub, Kitchen, Living RM/Dining RM Combo

Heating Electric, Unit Control

Flooring Vinyl, Carpet, Stone/Ceramic Tile

Appliance Range, Microwave, Refrigerator, Freezer

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Fence Fenced/Enclosed

Community Features Public Transportation, Shopping, Highway Access, Public School, University, Sidewalks

Utilities Available for Electric Dryer, Washer Hookup

Waterfront false

Roof Type Rubber

Total Parking Spaces 2

Garage No

Building

Lot Description Level

Story 10

Foundation Block

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by J. Borstell Real Estate, Inc.

Emilio DiSpirito

License Partner | Private Office Advisor | License ID: S35582

+1(401) 359-2338

Emilio DiSpirito

115 Salem St Lowell, MA 01854

Key Details

Location

Interior

Exterior

Building

Others

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115 Salem St