11 Lilley Avenue
8-Unit Multifamily Property | Lowell, MA
Marketing description
Northeast Private Client Group is pleased to present the Lilley Avenue Apartments located at 11-15 Lilley Avenue in Lowell, Massachusetts.
The eight-unit apartment building is comprised of (4) three-bedroom and (4) four-bedroom apartments. The property features laundry machines for tenants on each floor. and additional partitioned storage in the basement. Tenants are responsible for paying their own separately metered gas and electricity. The current owner renovated the property in 2011 with new plumbing, electrical, sprinkler, HVAC, windows, kitchen, and bathroom upgrades.
Quality units and below-market rents give a new owner the opportunity to make cosmetic upgrades and bring rents to market levels. All interested and qualified parties will have the opportunity to tour the property during scheduled showings.
Investment highlights
- Eight-Unit Apartment Building
- Three and Four-Bedroom Floor Plans
- Laundry on Each Floor
- Additional Basement Storage
- Tenant-Paid Separate Gas and Electricity
- Significant Renovation in 2011
- Strong Value-Add Opportunity
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