80 Lowell St Methuen, MA 01844

The Lowell Street Apartments, located at 80 Lowell St in Methuen, MA, present a multifamily investment opportunity. Constructed in 1970, this garden-style building comprises 12 units: 11 two-bedroom apartments and 1 one-bedroom apartment. Each apartment has been upgraded with modern kitchens, bathrooms, and hardwood floors. Current rents are below market rate, offering investors the potential to increase value by raising rents with minimal capital improvements. Eight of the 12 units are tenant-at-will, allowing for immediate rent adjustments upon acquisition. The property includes off-street parking and coinless laundry income. Situated just 1 mile from I-93, the asset provides convenient access to major retailers. Methuen, Massachusetts, located in the Merrimack Valley near the New Hampshire border, is approximately 30 miles north of Boston. The city benefits from its location at the junction of Interstate 93 and Interstate 495, along with Route 213, facilitating convenient commuting and commerce. Methuen features a blend of industrial history and modern development, including landmarks such as the Nevins Memorial Library and the Methuen Memorial Music Hall, as well as retail and commercial areas like The Loop shopping center.