426 Fletcher & 12-16 Varney St Open House Save Request In-Person Tour Request Virtual Tour
Lowell,MA 01854
OPEN HOUSE
Tue Feb 25, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,230 sqft
Price per Sqft $178
MLS Listing ID 73334728
Bedrooms 20
Full Baths 15
Half Baths 1
Year Built 1900
Annual Tax Amount $8,345
Tax Year 2024
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type 5-9 Family
Property Description
The property consists of three buildings with a total of 24 units: 426 Fletcher St is a 14-unit rooming house,12 Varney has 4 units, and 14-16 Varney offers 6 units. Actual income generated is over $22,250 per month, 10.63% Cap Rate. Market rents could be higher. 426 Fletcher has 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. 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. Showings start with Open House on Tuesday, February 25th from 11AM-1PM.
Location
State MA
County Middlesex
Zoning TMF
Direction Thorndike St to Fletcher St to Varney St
Interior
Interior Features Living Room,Kitchen
Appliance Range,Refrigerator,Washer,Dryer
Exterior
Garage Spaces 1.0
Community Features Public Transportation,Park,Public School,T-Station
Total Parking Spaces 2
Garage Yes
Building
Lot Description Corner Lot
Story 6
Foundation Concrete Perimeter,Other
Sewer Public Sewer
Water Public
Schools
Elementary Schools Charlotte M. El
Middle Schools Kathryn P. Stok
High Schools Lowell High
Others
Senior Community false