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8 Read St Lowell, MA 01850

For Sale
$975,000

Six residential units with separately metered utilities.

Lot size:
0.06 Acres

Property Features for 8 Read St

General Information

Lot size
0.06 Acres

Building Details

Year built
1900

Source: Horvath & Tremblay Agent Spencer Norton

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Six-Unit Residential Property

The property at 8 Read Street features a total of six residential units. The unit mix includes four 2-room studios and two 3-bedroom, 1-bathroom duplex-style units. Each unit is separately metered, with tenants responsible for gas-powered heat, hot water, and electricity. The property currently has a cap rate of 8.64%. Lead certificates are available for all units.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lowell
County
Middlesex
State
Massachusetts
Longitude
-71.3021943
Latitude
42.6490624

FAQs

What type of property is this?
Apartment building - Six residential units with separately metered utilities.
Where is this apartment building located?
The property is located at 8 Read St Lowell, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: - High Cap Rate: Property boasts an impressive 8.64% cap rate.; - Six Residential Units: Featuring four studios and two duplex units.; - Tenant Paid Utilities: Tenants cover separately metered gas, hot water, and electricity.
More about this property
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