MA > Lowell
Lowell, MA 01854,426 Fletcher & 12-16 Varney St
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Lowell, MA 01854,426 Fletcher & 12-16 Varney St
Lowell, MA 01854,426 Fletcher & 12-16 Varney St
Lowell, MA 01854,426 Fletcher & 12-16 Varney St
Lowell, MA 01854,426 Fletcher & 12-16 Varney St
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John J. Dean, Jr

John J. Dean, Jr

Engel & Völkers Americas

+1(617) 553-1926
$ 1,999,900
Est. payment /mo
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Pending

426 Fletcher & 12-16 Varney St Lowell, MA 01854

20 Beds

15.5 Baths

11,230 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Pending

Purchase Type For Sale

Square Footage 11,230 sqft

Price per Sqft $178

MLS Listing ID 73334728

Bedrooms 20

Full Baths 15

Half Baths 1

Year Built 1900

Annual Tax Amount $8,345

Tax Year 2024

Lot Size 0.360 Acres

Acres 0.36

Property Sub-Type 5-9 Family

Property Description

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.

Location

State MA

County Middlesex

Zoning TMF

Direction Thorndike St to Fletcher St to Varney St

Interior

Interior Features Living Room, Kitchen

Appliance Range, Refrigerator, Washer, Dryer

Exterior

Garage Spaces 1.0

Community Features Public Transportation, Park, Public School, T-Station

Total Parking Spaces 2

Garage Yes

Building

Lot Description Corner Lot

Story 6

Foundation Concrete Perimeter, Other

Sewer Public Sewer

Water Public

Schools

Elementary Schools Charlotte M. El

Middle Schools Kathryn P. Stok

High Schools Lowell High

Others

Senior Community false

Listed by LAER Realty Partners
agent

John J. Dean, Jr

Real Estate Advisor | License ID: 9512783

+1(617) 553-1926

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