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31640387
31640388

237 Branch Street, Lowell, MA 01851 For Sale

NorthEast Private Client Group Newton
NorthEast Private Client Group Shelton
FS
MA: 149766
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Newton, NorthEast Private Client Group Shelton
$1,580,000
96 days on market
Updated 96 days ago

Branch Street Mixed-Use

Details
APN LOWE M:103 B:3820 L:29
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building
Square Footage 5,528
Units 10
Beds 13
Cap Rate 5.82%
NOI $92,030
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.37%
Pro-Forma NOI $132,194
Year Built 1900
Buildings 1
Stories 3
Acreage 0.180
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.81
Investment Type Value Add
Ground Lease No

Mixed Use | 5.82% CAP | 5,528 SqFt

Marketing description

Northeast Private Client Group is pleased to present the Branch Street Mixed-Use property located at 237 Branch Street, Lowell, MA.

237 Branch St is a mixed-use multifamily investment property in Lowell's Highlands / Acre area, offering strong in-place cash flow and long-term upside. Built in 1900, the property contains approximately 5,528 square feet of living and commercial space on a 7,841 SF lot, with 10 off-street parking spaces. The residential unit mix includes five two-bedroom apartments and three one-bedrooms. Street-level retail storefront, currently occupied by a high-traffic barbershop.

The building has historically maintained full occupancy, with both apartment and retail tenants in place, strong rental demand in the Lowell market and a strategic location near employment centers, universities, and transportation corridors, 237 Branch St presents an excellent value-add or stable yield opportunity for investors

All interested and qualified parties can tour the building during scheduled appointments and obtain additional information upon request.

Investment highlights

  • Nine (9) Unit Mixed-Use Building | Retail & Residential | Fully Occupancy
  • (5) Five Two-Bedroom, (3) One-Bedroom & (1) Commercial Space
  • Corner Lot Location | Off-Street Parking for 10 Vehicles
  • Value Add Opportunity Through Rent Optimization
  • Close proximity to downtown Lowell, UMass Lowell, public transit, and major highways

Listing Contacts

NorthEast Private Client Group Newton
NorthEast Private Client Group Shelton
FS
MA: 149766
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Newton, NorthEast Private Client Group Shelton

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,030.00
$7,669.17/mo

Valuation Metrics

0
DSCR
5.82%
Cap Rate
5.82%
ROI

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Additional Information

Name
Patrick Wheeler
License
9552789
Name
Anthony Rakuskas
License
9588289
Brokerage
Northeast Private Client Group
Title
Associate
Brokerage Address
300 Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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