20-26 Howard Street

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20-26 Howard Street

Lowell, MA 01851
Asking Price
$1.20M
Asset Type
Day Care/Nursery Retail
Class
Class B

What's Special

2 Buildings with 3 separate spaces. Built 1988. Potential for owner-users, investors, auto etc <p><strong style="color: rgba(0, 0, 0, 1)">Excellent opportunity to own 2 well-maintained commercial buildings in Lowell, built in 1988. 20 Howard St features 2 separate spaces, each currently rented for $2,600 per month, with a garage bay, office area, and half bath on the upper level. 26 Howard St is currently vacant and offers a large garage bay, expansive work area, 1.5 baths, full kitchen with washer/dryer hookups, gas forced hot air heating, central AC, excellent insulation, a parking lot

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.451
Annual Cash Flow
$8,762.594

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