Beautiful Downtown LOFT! Rare opportunity to own in Boott Mills
Waterfront CONDOS. 1 bedroom 1 bath with additional "murphy bed"
set up for guests. Large open concept living area (kitchen/ dining
room/ living room) dark hardwood floors, track lighting,
exposed brick, original wood beams and steel girders, floor to
ceiling windows. Upscale kitchen :granite counter tops, center
island, stainless appliances, gas cooking,custom built closets with
washer and dryer in unit. Common area outdoor patio, rooftop
observation deck, game room, function room with full kitchen, and
fitness center all included. Great downtown location, steps to
restaurants, galleries, Tsongas Center, Lowell Auditorium and all
Lowell has to offer. Rent includes heat/ ac/ water/ hot water. You
pay for electricity to blow fan for heat and AC, Move in and enjoy
easy access to Lowell and Boston. Minutes to Rt 93/ 495/ 3/ Lowell
Connector.Parking in John St garage $66mo.
Unit Size
1,098 Ft²
Days on Market
-
Land Size
-
Price per sqft
$271
Property Type
Condo
Property Taxes
$285
HOA Dues
$515
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
HOA/Condo/Coop Amenities: Elevator(s), Recreation Facilities, Fitness Center, Clubroom
Association Fee Frequency: Monthly
HOA Fee: $515
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, T-Station, University
Pets Allowed: Yes
Management: Professional - On Site
130 John
#201,
Lowell, MA,
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