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Commercial Real Estate For Sale
273-277 University Ave.
Lowell, Massachusetts 01854
Two clean one bedroom units for easy maintenance, one spacious three bedroom unit for maximum rental income - all lead paint removed with certificates! Well-maintained and freshly painted with electrical updates, two new water tanks, and new burner for storefront. Attached structure currently used for commercial interests to include office space for doctor, lawyer, dentist, accountant, insurance or real estate agency. It is plumbed for three-station beauty salon. Perfect opportunity to start your small business or perhaps convert to additional living space. Within walking distance of major University! Cavernous attic can be finished for additional space. Tenants pay own utilities. Your only cost is taxes, insurance, water/sewer, and maintenance. Hard-to-beat potential for 9-10% return on your investment per year! Increase your income by renting two garage spaces instead of including them in the rent. Endless possibilities at an attractive price.
$430,000.00
MLS#:71755599
Listing Office:LAER Realty Partners
Listing Agent:Brian X. Murphy
Office Phone:(978) 475-4855
Address: 273-277 University Ave.
City:Lowell
State:Massachusetts
ZIP Code:01854
Property Type:Commercial/Industrial
Lot Size:4275.00
Year Built:1930
Parking Spaces:4
Parking Feature:Detached,Garage,Street,Improved Driveway,Paved Driveway,On Site
Instruction:Units are occupied. Please allow 24 hours notice to tenants.
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