12-14-16 Varney St Open House Save Request In-Person Tour Request Virtual Tour
Lowell,MA 01854
OPEN HOUSE
Tue Feb 25, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,862 sqft
Price per Sqft $158
MLS Listing ID 73334630
Bedrooms 11
Full Baths 10
Year Built 1900
Annual Tax Amount $8,345
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type 5-9 Family
Property Description
Excellent Investment opportunity. IRS 1031 Exchange Option available. Property has been managed by same company for 35 plus years. Good Condition and Low Turnover. The property consists of two buildings: 12 Varney, which has 4 units, and 14-16 Varney, offering 6 units. With a total of 10 units generating over $10k in monthly income, which is a 9.18% Cap Rate. 14 Varney has new steam boiler installed 2020, Elec panel updated to breakers 2020, Sewer line upgraded 2023. The location is convenient, with easy access to Lowell MBTA, shopping, and a public park, as well as major highways. Additionally, the property includes a small yard, 1-car garage, 2 off-street parking and plenty of on-street parking. Showings start with Open House on Tuesday, February 25th from 11AM-1PM.
Location
State MA
County Middlesex
Zoning TMF
Direction Thorndike St to Fletcher St to Varney St
Interior
Interior Features Living Room,Kitchen
Appliance Range,Refrigerator
Exterior
Garage Spaces 1.0
Community Features Public Transportation,Park,Public School,T-Station
Total Parking Spaces 2
Garage Yes
Building
Story 6
Foundation Concrete Perimeter,Other
Sewer Public Sewer
Water Public
Schools
Elementary Schools Charlotte M. El
Middle Schools Kathryn P. Stok
High Schools Lowell High
Others
Senior Community false