LOCATION, LOCATION, LOCATION! Opportunity to own a turnkey mixed use investment in downtown Lowell. Situated on a main street with high visibility, which is perfect for commercial spaces. Located next to TD bank and McDonald’s, Domino’s, gas station, church and near elementary school and LGH hospital. Less than a 6 minute drive or 20 minute walk to Umass Lowell. Near Lowell MBTA commuter rail and highway. Potential to put your own business in one of the 4 commercial spaces and own the whole building. Or just collect rent from all units. There are 4 two bedroom units and 4 retail store fronts generating over 92K a year gross with room to increase rents and generate a cap rate of over 7%. The building features vinyl siding. Owner have made many upgrades too long to list here, including brand new 2022 roof, security cameras. The interior was gutted in 1992. At the time all plumbing, electrical, insulation and drywall were replaced. All residential units have washer/dryer.
This home has been viewed 43 times
Last Checked: May 7th, 2024 at 12:22am (Source: MLS PIN #73051073)
General Information for 42 Mammoth Rd, Lowell MA 01854
Listing ID73051073
Property TypeCommercial Sale
Price$1,250,000
Style
CityLowell
CountyMiddlesex
Neighborhood(s)
ZoningNB
Year Built1880
Disclosures for 42 Mammoth Rd, Lowell MA 01854
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Special Listing Conditions
ExclusionsAll Personal Property.
Buyer Agent Compensation2%
Facilitator Compensation0
Compensation Based On
Contact Information for 42 Mammoth Rd, Lowell MA 01854