60 Andrews St, Lowell, MA 01852

Description

Unique 4-family investment property consisting of TWO SEPARATE BUILDINGS - A Single-family home in front and a triple-decker in the back: 1- The front single-family home offers 6 rooms, 4 bedrooms, 1 full bath, a kitchen, and a living room, with approximately 1,539 SF. The interior was renovated in March 2026; the front stairs and roof were renovated in 2024. 2- 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.