Unit Information
The property consists of three buildings with a total of 24 units: 426 Fletcher St is a 14-unit rooming house,12 Varney has 4 units, and 14-16 Varney offers 6 units. Actual income generated is over $22,250 per month, 10.63% Cap Rate. Market rents could be higher. 426 Fletcher has sprinkler system installed 1994, two new hot water tanks installed 2/5/25, two holding tanks installed in 2022 and new vinyl sided in 2022. 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. Showings start with Open House on Tuesday, February 25th from 11AM-1PM.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5-9 Family
- Zip Code: 01854
- Levels: 6
- Parking
- Garage: 1
- Garage Capacity: 1
- Parking: Paved Drive, Off Street, On Street, Paved
- Parking Spaces: 2
- Rooms and Dimensions
- Total Units: 24
- Total Floors: 6
- Total Rooms: 42
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$1,999,900
- Listing ID: 73334728
- Bedrooms: 20
- Full Baths: 15
- Half Baths: 1
- Living Area: 11,230 sqft Convert
- Lot Size: 15,682 sqft Convert
- Acres: 0.36
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |