60 Andrews St Lowell, MA
$1,200,000
Beds 11
Baths 4
Square Feet 5,043
Acres 0.11
Description
Unique 4-family investment property consisting of TWO SEPARATE BUILDINGS—a single-family home in front and a Triple Decker in the rear. The front single-family home offers 6 rooms, 4 bedrooms, 1 full bath, a kitchen, and a living room, with approximately 1,539 SF. Interior renovated March 2026; front stairs and roof renovated in 2024.The rear triple decker features three 2-bedroom units. The first-floor unit offers 4 rooms, 2 bedrooms, a living room, a kitchen, and a full bath. A new gas heating system and hot water tank were installed in January 2024. The second-floor unit offers 5 rooms, 2 bedrooms, a living room, a kitchen, a full bath, and a laundry room; renovated April 2026 with a new stove and a newer refrigerator. The third-floor unit offers 5 rooms, 2 bedrooms, a living room, a kitchen, and a full bath; renovated June 2024. An additional bonus room with a closet off the kitchen provides flexible space for an office, den, or other use.Major improvements completed in 2019 include vinyl siding, windows, an enclosed porch, a new roof, updated electrical, and a hard-wired smoke alarm system. Current annual gross rental income: $102,300. Annual operating expenses: approximately $18,527 (excluding mortgage interest). NOI: approximately $83,773. At an asking price of $1,250,000, the approximate cap rate is 6.70%. Financial information available for buyer review. Buyer/buyer agent to perform due diligence and verify all information. DISCLAIMER: Information contained herein, including rents, income, expenses, NOI, cap rate, pro forma calculations, property data and comparable-sale/pricing analysis, is provided for informational purposes only and is believed to be reliable but is not guaranteed. Financial results and future performance may vary. This information does not constitute an appraisal, accounting, tax, legal or investment advice. Buyer and buyer's agent should independently verify all information and conduct their own due diligence and financial analysis.
Listed by Global Realty Network, Inc., Paul-Ratha Yem
Details
MLS 73569886
Status Active
Price $1,200,000
DOM 43 days
Type Multi-Family
Beds 11
Baths 4 full baths
Square Feet 5,043 sqft
Lot Size 0.11 acres
Year Built 1900
Lot & Building Features
Appliances Refrigerator, Range
Construction Frame
Cooling Window Unit(s)
Heating Steam, Oil, Baseboard, Natural Gas
Sewer Public Sewer
Tax Year 2025
Taxes Paid $7,498
Water Public
Foundation Stone
Interior Features Remodeled, Pantry, Bathroom With Tub & Shower, Dining Room, Living Room, Ceiling Fan(s), Kitchen
Roof Shingle
Full Baths 4
Parking On Street, Driveway, Paved, Paved Drive, Off Street
Total Rooms 18
Basement Feature Unfinished, Concrete, Interior Entry, Full
Garage Spaces 0
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.

