4 Family House Lowell, MA

[Forrest L.]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Lowell.

Purchase price: $440,000
Cash invested: $35,000

This is a 4 family property I purchased off market with 16 beds and 6 baths. It had three occupied market rent units and one uninhabitable 5 bed 2 bath townhouse unit. Inside I gutted and finished the bathrooms and kitchen, repaired ceilings, painted everything, and had floors installed. Outside I had the front steps and porch re-decked, landscaped, and had gutters installed. The property appraised at $640,000 after rehab.