115 Salem St
Lowell, MA 01854
- 17 beds
- 8 baths
- 7,038 sqft
- 3,920 sqft lot
- $255 per sqft
- 1900 build
- – on site
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.
Listing courtesy of MLSPIN / Jack Mantville / J. Borstell Real Estate, Inc.
Last checked:
Checking…
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Last updated Oct 21, 2024
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MLS# 73304464 —
The Building
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Year Built:1900
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Year Built Details:Actual,Renovated Since
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Year Built Source:Public Records
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Construction Materials:Frame
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Roof:Rubber
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Foundation Details:Block
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Stories Total:10
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# of Units Total:8
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Building Area Total:7038
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Rooms Total:35
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Interior Features:Ceiling Fan(s)
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Flooring:Vinyl
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Fireplace:false
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Laundry Features:Electric Dryer Hookup
Room Dimensions
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Living Area:7038
Location
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Directions:Route 113 to University Ave to Salem Street
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Latitude:42.648577
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Longitude:-71.321329
The Property
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Parcel Number:M:117 B:5185 L:115,3182458
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Property Type:Residential Income
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Property Subtype:5-9 Family
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Lot Features:Level
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Lot Size Units:Acres
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Lot Size Area:0.09
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Lot Size SqFt:3920
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Lot Size Acres:0.09
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Zoning:UMF
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Fencing:Fenced/Enclosed
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Exclusions:Ring Cameras Will Be Removed Before Closing. Hardwired System Will Remain For The New Owner.
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Waterfront:false
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Farm Land Area Units:Square Feet
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Road Surface Type:Paved
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Road Frontage Type:Public
Listing Agent
- Contact info:
- Office phone:
- (978) 502-8045
Taxes
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Tax Year:2024
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Tax Book Number:22832
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Tax Annual Amount:10041
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Tax Assessed Value:843100
Beds
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Bedrooms Total:17
Baths
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Total Baths:8
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Total Baths:8
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Full Baths:8
The Listing
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Home Warranty:false
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Sub Agency Relationship Offered:No
Heating & Cooling
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Heating:Electric
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Heating:true
Utilities
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Utilities:for Electric Dryer
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Electric:150 Amp Service
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Range
The Community
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Senior Community:false
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Community Features:Public Transportation
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Spa:false
Parking
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Garage:false
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Parking Total:2
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Parking Features:Paved Drive
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Open Parking:true
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/21/24
Oct 21, 2024
|
Listed / Active | MLSPIN | $1,799,000 | 1262.9% (81.0% / YR) |
3/20/09
Mar 20, 2009
|
MLSPIN | $132,000 |