Unit Information
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.
- 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: 10
- Total Floors: 6
- Total Rooms: 27
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$1,250,000
- Listing ID: 73334630
- Bedrooms: 11
- Full Baths: 10
- Living Area: 7,862 sqft Convert
- Lot Size: 9,148 sqft Convert
- Acres: 0.21
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |