HOT WHOLESALE DEAL-178-180 Concord St., Lowell (Belvidere) MA

[Robbie Reutzel]

We have a two family in desirable lower Belvidere section of Lowell. 

This is a burnout, a 2 large 2 family with high ceilings, that needs a complete rebuild of the 2nd floor and roof, but the first floor and basement are in good overall structural shape. Along with new systems, and the rebuild for 2nd floor, it needs full cosmetics for 1st floor, we've budgeted to gut, treat with the odor-blocking primer and refinish all with everything new.

NOTE: There is a compliance letter on file with Bldg Dept on this property, advising current owner to "make safe or tear down" by April 28 2017. While obviously this date has passed, Nick has personally spoken with Inspector Paul Winchester and Commissioner Shaun Shanahan, who have confirmed that extensions and rehabbing the property are fine, so long as a proper redevelopment plan is laid out for them.

You can buy and hold as a two family rental, or the numbers for a fix and flip are included and attached.

Asking $130K or best offer.

Closing on June 30th, cash or private money preferred. MUST use Meghan Grugnale of Grugnale Law Offices as closing agent, as title work is already completed.

TERMS / NOTES:

CLOSE DATE is JUNE 30 2017

$9,000.00 (5%) Non-refundable Deposit Required ($1,000.00 at offer, $8,000 at P&S)

Must be OK using Meghan Grugnale, Esq of Grugnale Law offices as your or your lender's closing agent - e-mail [email protected] for details

Here's the link to the photos and the projections - house to be sold AS IS WHERE IS, and buyers to do all due diligence:

https://www.dropbox.com/sh/yo74pcqgwb85zxz/AAAJE6pXf2yLVjb8HjRNqwRta?dl=0

GROUP SHOWINGS:

Tuesday 6/13 5-6pm and Saturday 6/17 12-1pm

First to agree to the terms, provide their deposit and meet / exceed PP will have it.

Thank you all for your interest.

E-mail with questions, thank you!