About 255 Liberty Street
255 Liberty Street contains six (6) 1-Bedroom/1-Bathroom units with 4,603 square feet of gross living area in 7,122 square feet of gross area. The Property is situated upon a 0.13-acre parcel and features four (4) off-street parking spaces. 255 Liberty Street is well-positioned in Lowell, offering convenient access to the city’s central business district, neighborhood retail corridors, and surrounding residential areas. Tenants are responsible for gas powered heat & hot water, as well as separately metered electricity. The Landlord is responsible for providing city water & sewer. The Property benefits from strong connectivity to major regional routes including Route 110, Route 3, and Interstate 495, providing efficient access throughout the Merrimack Valley and greater Boston region. The area benefits from a strong apartment-housing demand base driven by its proximity to University of Massachusetts Lowell, which is approximately 2.0 miles from the Property and has 16,500+ students, as well as Middlesex Community College Lowell in downtown Lowell.
Features of 255 Liberty Street
| MLS® # | 73580214 |
|---|---|
| Price | $1,175,000 |
| Units | 6 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 4,603 |
| Acres | 0.13 |
| Year Built | 1940 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active |
Community Information
| Address | 255 Liberty Street |
|---|---|
| City | Lowell |
| County | Middlesex |
| State | MA |
| Zip Code | 01851 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Off Street, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 5 |
| Stories | 5 |
Additional Information
| Zoning | TMF |
|---|---|
| Gross Income | $109,500 |
| Net Operating Income | $79,172 |
| Operating Expense | $30,328 |
| Insurance Expense | $4,499 |
| Total Actual Rent | $9,125 |
| Rent Includes | Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water) |
Listing Details
| Agent | Spencer Norton |
|---|---|
| Office | Horvath & Tremblay |