426 Fletcher St, Lowell MA 01854 – 14 bed 6 bath For Sale – 73334641
Overview
- Updated On:
- February 23, 2025
-
- 73334641
- 14 Bedrooms
- 5.5 Bathrooms
- 0 Garage Spaces
- 4 Non-Garage Parking Spaces
- 1870
Description
Great Investment Opportunity with option for IRS 1031 Tax Deferred Exchange for Qualified Investor. Across from South Common in a prime location.14-unit rooming house with 2 units w/ private baths, 12 tenants sharing 3 &1/2 bathroom facilities. All utilities are included in the rent. The building is well-maintained and conveniently located near public transportation, shopping, and easy highway access. Cap Rate: 11.51%. 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. 4 off-street parking and plenty of on-street parking. Good Condition, Well maintained & Low turnover, Property managed by same Company for 45 years. Unique Opportunity. Showings start with Open House on Tuesday, February 25th from 11AM-1PM.
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 850,000 |
| Living Area | 3,368.00 ft2 |
| Bedrooms | 14 |
| Total Rooms | 15 |
|---|---|
| Listing MLS ID | 73334641 |
| Days on Market | 4 |
| Bathrooms | 5.5 |
Unit Information
| Bedrooms | 14 |
|---|---|
| Full Bathrooms | 5 |
| Half Bathrooms | 1 |
| Cooling | |
| Heating | |
| Uncovered Parking | 4 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | |
| Patio And Porch Features | |
| Parking Features | |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 14 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials |
| Year Built | 1870 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | |
| Roof |
Additional Details
| Community Features | Public Transportation,Shopping,Park,Public School,T-Station,University |
|---|---|
| Disclosures | |
| Last Updated | 2025-02-23T08:06:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | M:118 B:2340 L:426,3182635 |
| Original List Price | 850000 |
| Listing Office | laer realty partners |
| Tax Annual Amount | 4987 |
|---|---|
| Tax Assessed Value | 418700 |
| Tax Book Number | 32893 |
| Tax Year | 2024 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | TMF |
| Listing Agent | paul brouillette |
Amenities and Features
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426 Fletcher 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.
426 Fletcher St, Lowell MA 01854 – 14 bed 6 bath For Sale – 73334641
$ 850,000
Status: Active
426 Fletcher St, Lowell MA 01854, Lowell, , Middlesex 01854
Country: US
Property Overview
MLS #: 73334641
Type: 5+ Family - Rooming House /
Action: Residential Income
Year Built: 1870 (Approximate, Source: Public Records, Effective: )
Living Area: 3,368.00 ft2 (Total: 3368 Square Feet, Source: Public Records)
Lot Size: 0.15 ft2 (Area: 0.15 Acres, SqFt: 6534)
Total Rooms: 15
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 14 (Main Level: )
Bathrooms: Total: 5.5 (Full: 5, Half: 1, Decimal: 5.5, Main Level: )
Basement:
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials:
Foundation: Concrete Perimeter (Area: )
Roof:
Stories: 4 (4)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: (Expense: 6978)
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: 4
Parking Features:
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features: Corner Lot
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: Public ()
Road Surface: Paved
Road Responsibility: Public Maintained Road
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,Shopping,Park,Public School,T-Station,University
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: Charlotte M., M: Kathryn P. Stok, H: Lowell High
Zoning: TMF ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Great Investment Opportunity with option for IRS 1031 Tax Deferred Exchange for Qualified Investor. Across from South Common in a prime location.14-unit rooming house with 2 units w/ private baths, 12 tenants sharing 3 &1/2 bathroom facilities. All utilities are included in the rent. The building is well-maintained and conveniently located near public transportation, shopping, and easy highway access. Cap Rate: 11.51%. 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. 4 off-street parking and plenty of on-street parking. Good Condition, Well maintained & Low turnover, Property managed by same Company for 45 years. Unique Opportunity. Showings start with Open House on Tuesday, February 25th from 11AM-1PM.
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: 14
Units Owner Occupied:
Unit 1: Beds: 1, Full Baths: 0, Half Baths: 0, Levels: 1, Rent: 650, Lease: N
Unit 2: Beds: 1, Full Baths: 0, Half Baths: 0, Levels: 1, Rent: 650, Lease: N
Unit 3: Beds: 1, Full Baths: 0, Half Baths: 0, Levels: 1, Rent: 700, Lease:
Unit 4: Beds: 1, Full Baths: 0, Half Baths: 0, Levels: 1, Rent: 700, Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 4987 (Year: 2024)
Tax Assessed Value: 418700
Tax Block/Lot/Book/Map: 2340 / 426 / 32893 / 118
Parcel Number: M:118 B:2340 L:426,3182635
Special Licenses:
Current Financing:
Gross Income: 124800 (Scheduled: )
Net Operating Income: 97826
Operating Expense: 26974 (Water/Sewer: 7029, Insurance: 1056)
Financial Data Source: Accountant,Pro. Forma Available
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Heat,Electric,Gas,Water,Hot Water),Unit 2(Heat,Electric,Gas,Water,Hot Water),Unit 3(Heat,Electric,Gas,Water,Hot Water),Unit 4(Heat,Electric,Gas,Water,Hot Water)
Total Actual Rent: 8900
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: Paul Brouillette (MLS ID: D0008773) / Team:
Listing Office: (MLS ID: AN1199)
Agent (Property): 57
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-02-19
Expiration Date: 1900-01-01
Original List Price: 850000
Price Per SqFt (List): 252.38
Market Time (Property): 4 (Broker: 4, Prev Broker: 0, Prev Property: 0)
MLS Status: Active
Possession:
Directions: Andover St. to Canal St. to Jackson St. to Fletcher St.
Disclosures: , N
Lead Paint: Unknown
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag: 1
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 0093)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 1782204
Modification Timestamp: 2025-02-23T08:06:00.000Z
Bridge Modification Timestamp: 2025-02-23T08:08:50.999Z
Original Entry Timestamp: 2025-02-19T18:10:00.000Z
Status Change Timestamp: 2025-02-19T18:10:00.000Z
Off Market Date:
Development Status:
Business Type:
