CCertihomes
1317 Middlesex St, Lowell, MA 01851

$1,999,000

0 beds 0 baths Built 2007Active

About this home

Commercial Multi - use investment property with three separate buildings with total of 18, 000 square feet. All bays and car wash are rented out, with revenue of $25, 000. All tenants month to month, or seller will sign longer term leases if buyer desires. Building one is a 2 bay Mark VII 24/7 self-automated touchless car wash and commercial kitchen currently a Caribbean spice take-out restaurant. Building 2 is 5 self-clean bay car wash units. Building 3 is 5 rented industrial bay units with full 2nd floor ready for build out. 11-coin operated vacuums and additional parking. Great potential for yearly membership-based business model where you sell unlimited washes and vacuum. Auto sales, auto repair, self-storage, warehouse, office, laboratory just some of many allowed uses, as well as marijuana cultivation, manufacturing or testing. This property abuts the entrance to the Riverview apartments which houses 1000 UMASS students. Seller is applying for 13 residential units.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$13,836/mo

Real estate (PITI + HOA + PMI)
$13,818
Principal + interest$9,066
Property tax + insurance$4,002
PMI / 2nd mortgage$750
Utilities
$1,070
Heating + cooling$373
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$158
$13,836/mo TLC
Budget$14,336/mo
Remaining after TLC$500/mo
Purchase price
$1,999,000
Down payment
$99,950 (5%)
Loan amount
$1,899,050
APR
4%

Quick facts

Type
COM
Style
Year built
2007
Lot size
0.54 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$17,868
MLS #
73222562
County
Middlesex

Home features

Roof
Shingle

Neighborhood — 01851

MetricThis ZIPCountyUSA
Population30,8316,444,931299,088,112
Population Change Since19908.00%7.00%20.00%
Population Density8,972786
Male15,4783,127,134147,432,321
Female15,3543,317,797151,655,844
Never Married8,7211,612,88563,775,926
Married10,1872,586,314123,120,365
Separated1,440247,85712,639,686
Widowed1,541363,59415,467,586
Divorced1,861436,88823,075,029
Number Of House Hold10,5672,431,591111,826,380
Average House Hold Size2.852.562.60
Medial Age31.1037.2535.46
Median House Hold Income$50,083$57,698$48,276
Average House Hold Income$59,194$75,023$63,629
P C I$20,859$29,196$24,529
M D I$42,335$48,105$41,133
A T H E$48,896$57,083$50,898
S T R5.00%5.00%
W C J77.26%81.38%77.74%
(Zip) Code
1851

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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Listing information last refreshed 4/10/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.