115 Salem St, Lowell MA 01854 – 17 bed 8 bath For Sale – 73304464
Overview
- Updated On:
- January 25, 2025
-
- 73304464
- 17 Bedrooms
- 8 Bathrooms
- 0 Garage Spaces
- 2 Non-Garage Parking Spaces
- 1900
Description
Here’s an incredible opportunity to purchase a well-maintained 8-unit building located near UML’s East Campus. This property features seven 2-bedroom units and one 3-bedroom unit, all currently occupied with tenants at will. The building underwent a comprehensive gut renovation in 2010, during which all utilities were updated. This extensive renovation included the replacement of plumbing, electrical systems, insulation, roofing, siding, windows, kitchens, bathrooms, and more, ensuring a modern and efficient living environment. Additionally, the owner installed fire alarm and sprinkler systems throughout the building for enhanced safety. Tenants are responsible for their own utilities and enjoy convenient on-site laundry services with access to two washers and two dryers. With its prime location, under market rents and extensive upgrades, this building is a fantastic investment opportunity for all types of buyers.
Property Listing Details
Overview
| MLS Status | Closed |
|---|---|
| Price | $ 1,799,000 |
| Living Area | 7,038.00 ft2 |
| Bedrooms | 17 |
| Total Rooms | 35 |
|---|---|
| Listing MLS ID | 73304464 |
| Days on Market | 38 |
| Bathrooms | 8 |
Unit Information
| Bedrooms | 17 |
|---|---|
| Full Bathrooms | 8 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | Electric,Unit Control |
| Uncovered Parking | 2 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | Electric Dryer Hookup,Washer Hookup |
| Lead Paint | None,Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | |
| Patio And Porch Features | |
| Parking Features | Paved Drive,Off Street,On Street,Paved |
| Waterview Features | |
| Flooring | Vinyl,Carpet,Stone/Ceramic Tile |
Building Information
| Building Name | |
|---|---|
| Units in Building | 8 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials | Frame |
| Year Built | 1900 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | |
| Roof | Rubber |
Additional Details
| Community Features | Public Transportation,Shopping,Highway Access,Public School,University,Sidewalks |
|---|---|
| Disclosures | |
| Last Updated | 2025-01-25T16:23:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | M:117 B:5185 L:115,3182458 |
| Original List Price | 1799000 |
| Listing Office | j. borstell real estate, inc. |
| Tax Annual Amount | 10041 |
|---|---|
| Tax Assessed Value | 843100 |
| Tax Book Number | 22832 |
| Tax Year | 2024 |
| Year Built Details | Actual,Renovated Since |
| Year Built Source | Public Records |
| Zoning | UMF |
| Listing Agent | jack mantville |
Amenities and Features
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- Principal and Interest
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What's Nearby
Food
Tasty Dumplings
(0.4 miles)
Sergeant Burgers
(1.75 miles)
Sizzling Kitchen
(0.18 miles)
Burrito Express
(2.33 miles)
Shah's Halal Food
(0.61 miles)
Health & Medical
Lowell General Hospital Clinical Trials - Saints Campus
(1.04 miles)
Cassista Chiropractic Office
(1.59 miles)
Lowell Family Medical Care, PC
(1.05 miles)
Lowell General Hospital Health Information Management
(1.02 miles)
Healthland Medical Center
(0.86 miles)
Shopping
Crose Nest
(0.67 miles)Angels Above Thrift Shop
(0.68 miles)TJ Maxx
(2.49 miles)
lala books
(0.55 miles)
Target
(1.73 miles)
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115 Salem St, Lowell MA 01854 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
115 Salem St, Lowell MA 01854 – 17 bed 8 bath For Sale – 73304464
$ 1,799,000
Status: Closed
115 Salem St, Lowell MA 01854, Lowell, , Middlesex 01854
Country: US
Property Overview
MLS #: 73304464
Type: 5-9 Family /
Action: Residential Income
Year Built: 1900 (Actual,Renovated Since, Source: Public Records, Effective: )
Living Area: 7,038.00 ft2 (Total: 7038 Square Feet, Source: Public Records)
Lot Size: 0.09 ft2 (Area: 0.09 Acres, SqFt: 3920)
Total Rooms: 35
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 17 (Main Level: )
Bathrooms: Total: 8 (Full: 8, Half: 0, Decimal: 8, Main Level: )
Basement:
Fireplaces: 0 ()
Flooring: Vinyl,Carpet,Stone/Ceramic Tile
Laundry: Electric Dryer Hookup,Washer Hookup
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame
Foundation: Block (Area: )
Roof: Rubber
Stories: 10 ()
Common Walls:
Body Type:
Utilities & Green Features
Heating: Electric,Unit Control
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities: for Electric Dryer,Washer Hookup
Electric: 150 Amp Service,Individually Metered (Expense: 2637)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 2
Parking Features: Paved Drive,Off Street,On Street,Paved
Pool:
Spa:
Patio/Porch:
Fencing: Fenced/Enclosed
Lot Features: Level
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: Public ()
Road Surface: Paved
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,Shopping,Highway Access,Public School,University,Sidewalks
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: UMF ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Here’s an incredible opportunity to purchase a well-maintained 8-unit building located near UML’s East Campus. This property features seven 2-bedroom units and one 3-bedroom unit, all currently occupied with tenants at will. The building underwent a comprehensive gut renovation in 2010, during which all utilities were updated. This extensive renovation included the replacement of plumbing, electrical systems, insulation, roofing, siding, windows, kitchens, bathrooms, and more, ensuring a modern and efficient living environment. Additionally, the owner installed fire alarm and sprinkler systems throughout the building for enhanced safety. Tenants are responsible for their own utilities and enjoy convenient on-site laundry services with access to two washers and two dryers. With its prime location, under market rents and extensive upgrades, this building is a fantastic investment opportunity for all types of buyers.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 8
Units Owner Occupied:
Unit 1: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2000, Lease: N
Unit 2: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1600, Lease: N
Unit 3: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1550, Lease: N
Unit 4: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1800, Lease: N
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 10041 (Year: 2024)
Tax Assessed Value: 843100
Tax Block/Lot/Book/Map: / / 22832 /
Parcel Number: M:117 B:5185 L:115,3182458
Special Licenses:
Current Financing: Conv. Fixed
Gross Income: 156000 (Scheduled: )
Net Operating Income: 12136
Operating Expense: 11864 (Water/Sewer: 2670, Insurance: 4073)
Financial Data Source: Owner
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Water),Unit 2(Water),Unit 3(Water),Unit 4(Water)
Total Actual Rent: 13000
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: (MLS ID: CN233745) / Team:
Listing Office: (MLS ID: G80038)
Agent (Property):
Buyer Agent MLS ID: CN233745
Buyer Office MLS ID: G80038
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-10-21
Expiration Date: 1900-01-01
Original List Price: 1799000
Price Per SqFt (List): 255.61
Market Time (Property): 38 (Broker: 38, Prev Broker: , Prev Property: 0)
MLS Status: Sold
Possession:
Directions: Route 113 to University Ave to Salem Street
Disclosures: , N
Lead Paint: None,Unknown
Title 5:
Exclusions: Ring Cameras Will Be Removed Before Closing. Hardwired System Will Remain For The New Owner.
Contingency: Inspection
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 117)
Sale Information (if applicable)
Close Date: 2025-01-24
Close Price: 1735000
Price Per SqFt (Sold): 246.52
Anticipated Sold Date: 2025-01-24T05:00:00.000Z
Concessions Amount:
Purchase Contract Date: 2024-11-12
Sold vs Rent:
System Information
Property ID: 1629788
Modification Timestamp: 2025-01-25T16:23:00.000Z
Bridge Modification Timestamp: 2025-01-25T16:27:15.244Z
Original Entry Timestamp: 2024-10-21T11:58:00.000Z
Status Change Timestamp: 2025-01-25T16:23:00.000Z
Off Market Date: 2024-11-27
Development Status:
Business Type:
