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Lilley Avenue Apartments 11-15 Lilley Ave 8 Unit Apartment Building $2,458,629 CAD ($307,329 CAD/Unit) Lowell, MA 01850
Investment Highlights
- Eight-Unit Apartment Building
- Laundry on Each Floor
- Tenant-Paid Separate Gas and Electricity
- Three and Four-Bedroom Floor Plans
- Additional Basement Storage
- Significant Renovation in 2011
Executive Summary
Northeast Private Client Group is pleased to present the Lilley Avenue Apartments located at 11-15 Lilley Avenue in Lowell, Massachusetts.
The eight-unit apartment building is comprised of (4) three-bedroom and (4) four-bedroom apartments. The property features laundry machines for tenants on each floor. and additional partitioned storage in the basement. Tenants are responsible for paying their own separately metered gas and electricity. The current owner renovated the property in 2011 with new plumbing, electrical, sprinkler, HVAC, windows, kitchen, and bathroom upgrades.
Quality units and below-market rents give a new owner the opportunity to make cosmetic upgrades and bring rents to market levels. All interested and qualified parties will have the opportunity to tour the property during scheduled showings.
The eight-unit apartment building is comprised of (4) three-bedroom and (4) four-bedroom apartments. The property features laundry machines for tenants on each floor. and additional partitioned storage in the basement. Tenants are responsible for paying their own separately metered gas and electricity. The current owner renovated the property in 2011 with new plumbing, electrical, sprinkler, HVAC, windows, kitchen, and bathroom upgrades.
Quality units and below-market rents give a new owner the opportunity to make cosmetic upgrades and bring rents to market levels. All interested and qualified parties will have the opportunity to tour the property during scheduled showings.
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Property Facts
| Price | $2,458,629 CAD | Building Class | C |
| Price Per Unit | $307,329 CAD | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 10,212 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | ||
| Zoning | TMF | ||
| Price | $2,458,629 CAD |
| Price Per Unit | $307,329 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 10,212 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | TMF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | LOWE-000155-003600-000011 | Improvements Assessment | $1,610,642 CAD |
| Land Assessment | $175,049 CAD | Total Assessment | $1,785,691 CAD |
Property Taxes
Parcel Number
LOWE-000155-003600-000011
Land Assessment
$175,049 CAD
Improvements Assessment
$1,610,642 CAD
Total Assessment
$1,785,691 CAD
Contacts
-
James Casey -
Francis Saenz -
Drew Kirkland -
Anthony Rakauskas -
Northeast Private Client Group
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Lilley Avenue Apartments | 11-15 Lilley Ave
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