MA > Lowell
Lowell, MA 01854,12-14-16 Varney St
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Lowell, MA 01854,12-14-16 Varney St
Lowell, MA 01854,12-14-16 Varney St
Lowell, MA 01854,12-14-16 Varney St
Lowell, MA 01854,12-14-16 Varney St
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John J. Dean, Jr

John J. Dean, Jr

+1(617) 553-1926
$ 1,250,000
Est. payment /mo
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Pending

12-14-16 Varney St Lowell, MA 01854

11 Beds

10 Baths

7,862 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,862 sqft

Price per Sqft $158

MLS Listing ID 73334630

Bedrooms 11

Full Baths 10

Year Built 1900

Annual Tax Amount $8,345

Tax Year 2024

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type 5-9 Family

Property Description

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.

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

Exterior

Garage Spaces 1.0

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

Total Parking Spaces 2

Garage Yes

Building

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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