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Expired

162-164 Lakeview Ave, Lowell MA 01850

$689,900

Estimated $1,659.50/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $229,966.67

Total Rent: 66960/year

Estimated CAP Rate: 7.34%

12 Bedrooms

3 Full Baths

3,752 SqFt

Total Parking: 4

2,350 SqFt

Take advantage of owning a well-maintained three-family property. Located just off VFW Highway, this 3 family home is a money maker, minutes from all local amenities. The layout consists of a first-floor unit, 4 bed, 1 bath, kitchen, living room. The second unit is also on the first floor consisting of 5 bedrooms, 1 bath, kitchen and living room. The second floor consists of a 3 bedroom, 1 bath with an open concept kitchen and living room. All utilities are separated. Washer and dryer located in the basement. Ample off-street parking, fully occupied. Lakeview Ave is conveniently located amongst shopping centers, restaurants, Lowell General Hospital, UMass Lowell, and access to RT.-3, & I-495. Don’t miss out on this great opportunity! There are limited photos to maintain the tenant's privacy. Listing agent can send you more pictures upon request.

This home has been viewed 92 times

Last Checked: May 6th, 2024 at 11:50pm (Source: MLS PIN #73040157)

Gross Income: $66,960

Gross Expenses: $16,287

Net Income Calc: $50,673

CAP Rate: 7.34%

Annual Expenses for 162-164 Lakeview Ave, Lowell MA 01850

Total Gross Expenses (Calculated)$16,287/year

APOD AvailableYes

Heating

Electricity$334

Water$939

Gas$939

Insurance$2,662

Sewer$939

Trash Removal$375

Repair & Maintenance$5,487

Management

Miscellaneous

Real Estate Tax$6,490

Annual Income & Unit Breakdown for 162-164 Lakeview Ave, Lowell MA 01850

Total Gross Income (Calculated)$66,960

Unit 1

Rental Income$1,950

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$2,200

LeaseY

Bedrooms5

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$1,430

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 162-164 Lakeview Ave, Lowell MA 01850

Listing ID73040157

Property TypeMulti Family / 3 Family

Price$689,900 ($183.88/SqFt)

Style3 Family

CityLowell

CountyMiddlesex

MLS AreaCentralville

Neighborhood(s)

Approximate Living Area Total3,752 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking4

Garage Parking

Year Built1925

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionGranite

Accessible Features

Outdoor Space

ZoningTMF

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 162-164 Lakeview Ave, Lowell MA 01850

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceAccountant

Total Gross Expenses By Broker$17,479

Total Gross Income By Broker$49,380

Total Net Income By Broker$31,901

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 162-164 Lakeview Ave, Lowell MA 01850

Real Estate Taxes$6,490

Tax Year2022

Assessed Value$511,400

Financial Data SourceAccountant

Total Gross Expenses By Broker$17,479

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$49,380

BostonRealEstate.com Gross Income

Total Net Income By Broker$31,901

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.34%

Location Information for 162-164 Lakeview Ave, Lowell MA 01850

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaCentralville

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, Private School, University

Contact Information for 162-164 Lakeview Ave, Lowell MA 01850

Agent

Name: Jo Ann D. Patenaude

Office

Name: Premier Properties

Phone: 978-452-6300

Team Members

Name: Alcina Buckley

Phone: 978-319-2767

Payment Calculator

, Interest

Property Taxes 540.83

Principal & Interest 4250.94

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Premier Properties

Jo Ann D. Patenaude

Agent Phone

Office Phone

(978) 452-6300

Text Agent Call Agent Call Office

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[pasture_area] => None
    [patio_and_porch] => Array
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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

Expired

162-164 Lakeview Ave, Lowell MA 01850

$689,900

Annual Expenses for 162-164 Lakeview Ave, Lowell MA 01850

Annual Income & Unit Breakdown for 162-164 Lakeview Ave, Lowell MA 01850

General Information for 162-164 Lakeview Ave, Lowell MA 01850

Disclosures for 162-164 Lakeview Ave, Lowell MA 01850

Financial Information for 162-164 Lakeview Ave, Lowell MA 01850

Location Information for 162-164 Lakeview Ave, Lowell MA 01850

Contact Information for 162-164 Lakeview Ave, Lowell MA 01850

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Premier Properties

Jo Ann D. Patenaude