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Lowell, MA. 01854


MLS # 72558938 - Sold
Multi-Family 3 Family    

List Price $620,000 Days on Market  
List Date   # Units 3
Sale Price $635,000 # Floors  
Sold Date 11/1/19 Rooms 19
Assessed Value $474,000 Bedrooms 9
Gross Living Area 4,287SF Full Baths 3
Lot Size 5,574SF Half Baths 0
Taxes $6,655.00 Fireplaces  
Tax Year 2019 Basement Yes
Zoning TMF Waterfront No
Est. Street Front 42 ft. Beach Nearby No
Year Built 1900 Parking Spaces 5
    Garage Spaces 1

Remarks:

Attention Investors . . . Large 3-Family with great rental income, just 3 blocks from UMass-Lowell! Spacious 3-Bedroom units, recently updated including new Kitchen cabinets, granite countertops and stainless steel appliances. Building upgrades in recent years include low maintenance vinyl siding, new windows, new roof, newer heating systems and hot water heaters. Separate utilities with tenants paying for heat, hot water and electricity. Off-street parking for 6 vehicles includes an oversized 1-car garage. Proximity to the university allows for premium rents of $1,800-1,900/month or more. Units 1 and 3 are rented, with Unit 2 vacant for owner-occupied if desired. With use of the garage, projected rent for that unit is $1,900+. Thats an annual gross income of 66K with low expenses for this turn key property!

Features
Amenities   Public
   Transportation,
   Shopping, Park,
   Walk/Jog Trails, Medical
   Facility, Laundromat,
   House of Worship, Public
   School, T-Station,
   University
Basement   Full, Interior
   Access, Concrete Floor,
   Unfinished Basement
Construction   Frame
Electricity   Circuit
   Breakers, 100 Amps
Exterior   Vinyl
Exterior Feat.   Porch
Flooring   Hardwood,
   Vinyl / VTC, Wood
   Laminate
Foundation   Fieldstone
Foundation Size   34x48
Heating Zones   3
Hot Water   Natural Gas,
   Tank
Lead Paint   Unknown
Lot   Paved Drive, Level
Parking   Off-Street,
   Paved Driveway
Road   Public, Paved,
   Publicly Maint.,
   Sidewalk
Roof   Rubber
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Gas Range, for Electric
   Range, for Gas Dryer,
   Washer Hookup
Units
Common Features Rooms: Other (See Remarks)
Unit 1 Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer Hookup, Dryer Hookup; Bedrooms:
     3; Floor: 1; Full Baths: 1; Heating: Hot Water Radiators, Steam, Gas; Interior: Ceiling Fans,
     Cable TV Available, Pantry, Balcony/Deck, Stone/Granite/Solid Counters, Hardwood Floors,
     Upgraded Cabinets; Lease: Yes; Levels: 1; Rent: 1800; Rent Includes: Water; Rooms: 6; Rooms Desc.:
     Living Room, Dining Room, Kitchen
Unit 2 Appliances: Range, Refrigerator; Bedrooms: 3; Floor: 2; Full Baths: 1; Heating: Hot Water
     Radiators, Steam, Gas; Interior: Cable TV Available, Pantry, Balcony/Deck, Stone/Granite/Solid
     Counters, Hardwood Floors, Upgraded Cabinets; Lease: No; Levels: 1; Rent: 1900; Rent Includes:
     Water; Rooms: 6; Rooms Desc.: Living Room, Dining Room, Kitchen
Unit 3 Appliances: Range, Refrigerator; Bedrooms: 3; Floor: 3; Full Baths: 1; Heating: Hot Water
     Radiators, Steam, Gas; Interior: Cable TV Available, Pantry, Balcony/Deck, Stone/Granite/Solid
     Counters, Hardwood Floors, Upgraded Cabinets; Lease: Yes; Levels: 1; Rent: 1795; Rent Includes:
     Water; Rooms: 7; Rooms Desc.: Living Room, Dining Room, Kitchen, Office/Den
Financial Info
Electricity   $750
Expenses Source   Owner
   Provided
Expenses Year End   08/19
Gas   $750
Gross Expenses   $12,005
Gross Oper. Income  
   $65,940
Insurance   $3,200
Misc.   $7,305
Net Oper. Income   $53,935
Additional Information
APOD Available?   Yes
Anticipated Sale Date  
   11/30/2019
Deed   Book: 30552, Page:
   138
Disclosures   MULTIPLE
   OFFERS- SELLER REQUESTS
   ALL OFFERS TO BE
   SUBMITTED BY 9:00PM
   SATURDAY 9/7.
Foreclosure   No
GLA Source   Public Record
Identifier   Map: 0117,
   Lot: 0106, Block: 4235
Living Area Disclosures  
   Plus additional 582
   sq.ft. of enclosed
   porches
Off Market Date   9/9/19
Schools   Grade School:
   McAvinnue, Middle School:
    Bartlett, High School:
   Lowell High
Seller Disclosure Doc  
   Yes
Short Sale   No
Year Built Desc.  
   Approximate
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 11/1/19 3:17pm

Courtesy: MLSPIN

Contact agent for more information about this listing
Listing Office: WEICHERT, REALTORS® - Peterson & Associates Listing Agent: Mike Peterson


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