12-14-16 Varney St, Lowell MA 01854 – 11 bed 10 bath For Sale – 73334630
Overview
- Updated On:
- February 23, 2025
-
- 73334630
- 11 Bedrooms
- 10 Bathrooms
- 1 Garage Space
- 2 Non-Garage Parking Spaces
- 1900
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. Showings start with Open House on Tuesday, February 25th from 11AM-1PM.
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 1,250,000 |
| Living Area | 7,862.00 ft2 |
| Bedrooms | 11 |
| Total Rooms | 27 |
|---|---|
| Listing MLS ID | 73334630 |
| Days on Market | 4 |
| Bathrooms | 10 |
Unit Information
| Bedrooms | 11 |
|---|---|
| Full Bathrooms | 10 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | |
| Uncovered Parking | 2 |
| Garage Parking | 1 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | |
| Patio And Porch Features | Porch |
| Parking Features | Paved Drive,Off Street,On Street,Paved |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 10 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials |
| Year Built | 1900 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | |
| Roof |
Additional Details
| Community Features | Public Transportation,Park,Public School,T-Station |
|---|---|
| Disclosures | |
| Last Updated | 2025-02-23T08:06:00.000Z |
| Building Area Source | Other |
| MLS PIN Page | |
| Parcel Number | M:118 B:5875 L:12 |
| Original List Price | 1250000 |
| Listing Office | laer realty partners |
| Tax Annual Amount | 8345 |
|---|---|
| Tax Assessed Value | 700700 |
| Tax Book Number | 8432 |
| 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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12-14-16 Varney 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.
12-14-16 Varney St, Lowell MA 01854 – 11 bed 10 bath For Sale – 73334630
$ 1,250,000
Status: Active
12-14-16 Varney St, Lowell MA 01854, Lowell, , Middlesex 01854
Country: US
Property Overview
MLS #: 73334630
Type: 5-9 Family /
Action: Residential Income
Year Built: 1900 (Approximate, Source: Public Records, Effective: )
Living Area: 7,862.00 ft2 (Total: 7862 Square Feet, Source: Other)
Lot Size: 0.21 ft2 (Area: 0.21 Acres, SqFt: 9148)
Total Rooms: 27
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 11 (Main Level: )
Bathrooms: Total: 10 (Full: 10, Half: 0, Decimal: 10, Main Level: )
Basement:
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials:
Foundation: Concrete Perimeter,Other (Area: )
Roof:
Stories: 6 (6)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: (Expense: 4729)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 1
Covered Spaces: 1
Parking Total: 2
Parking Features: Paved Drive,Off Street,On Street,Paved
Pool:
Spa:
Patio/Porch: Porch
Fencing:
Lot Features:
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: Public ()
Road Surface:
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,Park,Public School,T-Station
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: Charlotte M. El, M: Kathryn P. Stok, H: Lowell High
Zoning: TMF ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
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. 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: 10
Units Owner Occupied:
Unit 1: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1500, Lease: Y
Unit 2: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1300, Lease: N
Unit 3: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1100, Lease: N
Unit 4: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1300, Lease: N
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 8345 (Year: 2024)
Tax Assessed Value: 700700
Tax Block/Lot/Book/Map: 5875 / 12 / 8432 / 118
Parcel Number: M:118 B:5875 L:12
Special Licenses:
Current Financing:
Gross Income: 142200 (Scheduled: )
Net Operating Income: 114772
Operating Expense: 27428 (Water/Sewer: 2606, Insurance: 3122)
Financial Data Source: Accountant,Pro. Forma Available
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Water,Hot Water),Unit 2(Water,Hot Water),Unit 3(Water,Hot Water),Unit 4(Water,Hot Water)
Total Actual Rent: 11850
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: 1250000
Price Per SqFt (List): 158.99
Market Time (Property): 4 (Broker: 4, Prev Broker: 0, Prev Property: 0)
MLS Status: Active
Possession:
Directions: Thorndike St to Fletcher St to Varney 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: 199)
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: 1782245
Modification Timestamp: 2025-02-23T08:06:00.000Z
Bridge Modification Timestamp: 2025-02-23T08:08:51.074Z
Original Entry Timestamp: 2025-02-19T18:09:00.000Z
Status Change Timestamp: 2025-02-19T18:09:00.000Z
Off Market Date:
Development Status:
Business Type:
