MA
Middlesex
Lowell
01852
31-33 Bourne Street
31-33 Bourne Street, Lowell, MA 01852
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Listing Type
Multi Family
Listing Status
Active
35
$887,500

Home Details for 31-33 Bourne Street

Price
$887,500
Type
Residential Income
Bedrooms
9
Total Bathrooms
3
Full Bathrooms
3
Square feet
3900
Year built
1910
Lot size acres
0.09
County
Middlesex
Total rooms
18
Basement
Full
MLS Listing#
73565786
Property Description

Well-maintained 3-unit multifamily offering in Lowell’s established South Lowell neighborhood, featuring three spacious 3BR/1BA apartments and approximately 3,900 SF of living area. Two of the three units will be delivered vacant and move-in ready at closing, offering immediate flexibility for an investor or owner-occupant to lease, occupy, or further improve. Recent capital improvements include a newer EPDM rubber roof (2022), refinished hardwood flooring, new luxury vinyl plank flooring, updated bathroom vanities, and newer appliances in the first- and second-floor units. Additional features include in-unit washer/dryer hookups, usable yard space, separately metered forced hot-air gas heating, and updated electrical service, helping minimize landlord-paid utility expenses. Additional value-add potential may exist to reconfigure existing 3BR layouts into 4BR units, subject to applicable approvals and permitting. Conveniently located near Downtown Lowell with quick access to the Lowell Connector, Route 3, I-495, LRTA service, MBTA commuter rail, shopping, dining, parks, and major employment and educational centers. A compelling opportunity combining immediate vacancy, recent improvements, efficient utilities, and long-term income-growth potential.

Property Features
  • Heating Information
    • Natural Gas
    • Forced Air
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: Alvarez Real Estate Group LLC - 617-329-9493
Presented by: Michael Alvarez
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85 Wilmington Road, Burlington, MA 01803
Office
781 270 4770
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