Massachusetts / Lowell / 01854 / 42 Mammoth Road

42 Mammoth Road

Lowell, MA 01854

Listing ID: 300845

$1,250,000

For Sale

Property Type Multifamily for Sale
Lot Size Acres 0.090
Building Sq Ft 6,000
Building Price per Sq Ft $208.33
Land Sq Ft 4,053
CAP Rate % 7.00

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Description

LOCATION, LOCATION, LOCATION! Opportunity to own a turnkey mixed use investment in downtown Lowell. Situated on a main street with high visibility, which is perfect for commercial spaces. Located next to TD bank and McDonald’s, Domino’s, gas station, church and near elementary school and LGH hospital. Less than a 6 minute drive or 20 minute walk to Umass Lowell. Near Lowell MBTA commuter rail and highway. Potential to put your own business in one of the 4 commercial spaces and own the whole building. Or just collect rent from all units. There are 4 two bedroom units and 4 retail store fronts generating over 92K a year gross with room to increase rents and generate a cap rate of over 7%. The building features vinyl siding.
Owner have made many upgrades too long to list here, including brand new 2022 roof, security cameras. The interior was gutted in 1992. At the time all plumbing, electrical, insulation and drywall were replaced. All residential units have washer/dryer.

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Listing Demographics for 42 Mammoth Road Lowell, MA 01854

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		28,935	136,820	192,617
Population Median Age		35	37	38
Population by Age	0-9 Yrs	2659 (9%)	16206 (11%)	22567 (11%)
	10-19 Yrs	4662 (16%)	17915 (13%)	24725 (12%)
	20-29 Yrs	7472 (25%)	23198 (16%)	29506 (15%)
	30-39 Yrs	3730 (12%)	20969 (15%)	27872 (14%)
	40-49 Yrs	2819 (9%)	16166 (11%)	23382 (12%)
	50-59 Yrs	3173 (10%)	17040 (12%)	26427 (13%)
	60-69 Yrs	2569 (8%)	14261 (10%)	21290 (11%)
	70+ Yrs	1850 (6%)	11065 (8%)	16847 (8%)

Median HH Income		$55,798	$67,185	$78,989
Total Household Income	< 24K	3131 (30%)	10843 (21%)	12462 (17%)
	25-49K	1575 (15%)	8696 (17%)	11003 (15%)
	50-74K	1543 (15%)	7662 (15%)	9982 (14%)
	75-99K	1581 (15%)	7108 (14%)	9744 (13%)
	100-199K	1971 (19%)	12642 (25%)	20749 (29%)
	200K+	361 (3%)	2929 (5%)	6064 (8%)

Highest Education Level	No Diploma	3095	13504	15886
	Diploma or GED	5584	28467	38394
	Some College	2920	15031	21719
	Assoc. Degree	1045	7021	10468
	Bachelors Degree	2872	16092	26083
	Higher Degree	1455	10033	17028

Total Housing Units		10,881	51,974	72,629
--Owner-Occupied		3,280	25,090	42,072
--Renter-Occupied		6,883	24,790	27,932
Owner-Occupied Values	< 100K	150	654	959
	100-199K	574	3705	4351
	200-299K	1497	8103	10432
	300-399K	621	7629	12505
	400-499K	262	3102	7346
	500K+	176	1896	6478

Total Working Age Population		24,646	110,951	156,230
In Work Force		15,481	74,848	106,178
Not In Work Force		9,165	36,102	50,052
Workforce Employed		14,548	70,913	101,048
Workforce Unemployed		933	3,880	5,056
Civlian Workforce		15,481	74,793	106,105
Military Workforce		0	55	74

Total Households		10,163	49,880	70,004
Family Households		5,366	30,836	45,986
Non-Family Households		4,797	19,044	24,018
Married Couple		2,806	18,872	31,474
Other Family		2,560	11,965	14,512
Married w/Child		887	7,350	12,454
Single Male w/Child		255	1,082	1,400
Single Female w/Child		977	5,072	5,951

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Massachusetts	6,349,097	+3	6,547,629	+6	6,933,887	+4	7,225,472
Middlesex County	1,465,396	+3	1,503,085	+7	1,613,961	+5	1,686,641
Essex County	723,419	+3	743,159	+6	790,035	+3	816,022
New Hampshire	1,235,786	+7	1,316,470	+3	1,349,908	+4	1,402,878
Hillsborough County	380,841	+5	400,721	+2	409,478	+4	424,492

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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