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Expired

101 Central St, Lowell MA 01852

$924,900

Estimated $2,019.06/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $154,150

Total Rent: 63600/year

Estimated CAP Rate: 5.35%

7 Bedrooms

4 Full, 2 Half Baths

6,157 SqFt

Total Parking: 0

2,881 SqFt

Own a piece of Lowell here with this stately built brick building in the middle of Downtown Lowell. Two ground level retail units currently being used as a jewelry store and salon. Four residential units above, over two floors, that mirror each layout. Amazing proximity to RTE 3, I-495, Lowell Connector, Commuter Rail, Middlesex Community College, UMASS Lowell, and Lowell General Hospital. Not to mention all the bustling restaurants within walking distance. This location is prime for traffic to get the most eyes on any business! Bring your ideas to life here and start collecting rent. Current rents are under market value, ability to buy this building improve rents and increase NOI immediately.

This home has been viewed 68 times

Last Checked: May 6th, 2024 at 11:21pm (Source: MLS PIN #73034394)

Gross Income: $63,600

Gross Expenses: $14,132

Net Income Calc: $49,468

CAP Rate: 5.35%

Water Views

Annual Expenses for 101 Central St, Lowell MA 01852

Total Gross Expenses (Calculated)$14,132/year

APOD AvailableYes

Heating

Electricity

Water$1,500

Gas$1,500

Insurance$4,000

Sewer$1,500

Trash Removal$2,400

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,232.05

Annual Income & Unit Breakdown for 101 Central St, Lowell MA 01852

Total Gross Income (Calculated)$63,600

Unit 1

Rental Income$1,000

LeaseN

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 2

Rental Income$1,100

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 3

Rental Income$1,800

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 4

Rental Income$1,400

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

General Information for 101 Central St, Lowell MA 01852

Listing ID73034394

Property TypeMulti Family / 5+ Family

Price$924,900 ($150.22/SqFt)

Style5-9 Family

CityLowell

CountyMiddlesex

MLS AreaDowntown

Neighborhood(s)

Approximate Living Area Total6,157 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking0

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningDMU

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 101 Central St, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureBuyer to do own due diligence/verify sq footage

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$14,132

Total Gross Income By Broker$87,600

Total Net Income By Broker$73,468

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0%%

Facilitator Compensation0.0%%

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 101 Central St, Lowell MA 01852

Real Estate Taxes$6,232.05

Tax Year2022

Assessed Value$491,100

Financial Data SourceOwner

Total Gross Expenses By Broker$14,132

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$87,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$73,468

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.35%

Location Information for 101 Central St, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaDowntown

Area AmenitiesHighway Access, Public School, University

Contact Information for 101 Central St, Lowell MA 01852

Agent

Name: Brian Quijada

Office

Name: EVO Real Estate Group, LLC

Phone: 617-517-9755

Payment Calculator

, Interest

Property Taxes 519.34

Principal & Interest 5698.94

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

EVO Real Estate Group, LLC

Brian Quijada

Agent Phone

Office Phone

(617) 517-9755

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[uffi] => Array
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EXIT

Expired

101 Central St, Lowell MA 01852

$924,900

Annual Expenses for 101 Central St, Lowell MA 01852

Annual Income & Unit Breakdown for 101 Central St, Lowell MA 01852

General Information for 101 Central St, Lowell MA 01852

Disclosures for 101 Central St, Lowell MA 01852

Financial Information for 101 Central St, Lowell MA 01852

Location Information for 101 Central St, Lowell MA 01852

Contact Information for 101 Central St, Lowell MA 01852

Agent

Office

Payment Calculator

Exclusive Listing Agent

EVO Real Estate Group, LLC

Brian Quijada