NOT LISTED FOR SALE

122 11th St Lowell, MA 01850

Centralville Neighborhood
30 Beds
30 Baths
9,621 Sq Ft
0.53 Acres

Last Sold November 16, 2021

Last sale price $4,200,000 $437 Per Sq Ft

57 Days on Market

About This Home

As of November 2021

JBorstell Real Estate is pleased to present 11th St Apartments located at 122 11th St in Lowell. Located near the Lowell/ Dracut line, with a breakdown of studios, 1-beds and a 2-bed, this 29 unit apartment complex has high rental demand and great potential. An investor can choose to collect cashflow as-is, or do cosmetic updates throughout to get significant rent increases. The structure and systems can’t get much better than this. The property is also host to a large amount of usable basement space for management and maintenance including a storage area with racking and a carpentry shop to do maintenance work in. All inventory and equipment is negotiable. With over a dozen private parking spaces and ample on street parking, there is plenty to go around. Also attached is the property lines showing the additional lot abutting. Overall the property is in great condition with closed circuit security cameras, backup generator and an inventory of appliances and other materials.

Last Agent to Sell the Property

Patrick Hermans

J. Borstell Real Estate, Inc. Listed on: 07/27/2021

Last Buyer's Agent

Israel Reyes

Hancock Realty Group LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 0.53

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Bridge st to 11th st
  • Garage Yn: No
  • Efficiency: Varies per Unit
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Washer, Dryer, Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater
  • Has Basement: Full, Partially Finished, Walk-Out Access, Concrete
  • MAIN LO: G80038
  • MAIN SO: AN1124
  • Accessibility Features: Handicap Access
  • Full Bathrooms: 30
  • Total Bedrooms: 30
  • Fireplace: No
  • Flooring: Tile,Carpet,Varies Per Unit
  • Interior Amenities: Lead Certification Available, Storage, Mudroom, Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Stories: 3

Exterior Features

  • Roof: Shingle, Rubber
  • Exterior Features: Professional Landscaping, Garden
  • Foundation Details: Stone, Brick/Mortar
  • Construction Type: Frame
  • Disclosures: Rent Roll And Expenses Are Provided Upon Request. Lead Certs For 27 Of The 29 Units. Buyer To Do Their Own Due Diligence On The Permitted Use Of The Abutting Lot.
  • Lot Features: Corner Lot
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 14

Utilities

  • Cooling: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
  • Heating: Unit 1(Forced Air), Unit 2(Forced Air), Unit 3(Forced Air)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Laundry Room
  • Security: Security System
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Park
  • HOA Rent Includes: Unit 1(Electric,Gas,Water,Hot Water)

Lot Info

  • LOT SIZE: 23201
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 23086.8
  • Zoning: m1000

Multi Family

  • LEVELS 1: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 1
  • Number Of Units Total: 29

Tax Info

  • Tax Annual Amount: 18032
  • Tax Book Number: 7659
  • Tax Year: 2021

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2021 11/16/21 Sold $4,200,000 -4.5% $437 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $4,400,000 -- $457 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick Hermans

    Seller's Agent in 2021

    Patrick Hermans

    J. Borstell Real Estate, Inc.

    (978) 580-7157

    3 in this area

    51 Total Sales

    Patrick Hermans
    Section Image
  • Israel Reyes

    Buyer's Agent in 2021

    Israel Reyes

    Hancock Realty Group LLC

    (409) 763-6830

    1 in this area

    18 Total Sales

    Israel Reyes
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72872083

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Lowell 01850 Centralville

122 11th St, Lowell, MA

Not Listed for Sale

MultiFamily

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