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866 Lakeview Ave, Lowell MA 01850

$389,900

Estimated $913.64/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $194,950

Total Rent: 26400/year

Estimated CAP Rate: 5.66%

2 Bedrooms

2 Full Baths

1,211 SqFt

Total Parking: 7 (1 Garage)

5,000 SqFt

Well maintained two family near UMASS Lowell and downtown. Gas heat, all separate utilities, long term tenants both TAW. Laundry in basement with storage unit. Set on a corner lot with oversized one car garage. Plenty of off-street parking.

This home has been viewed 41 times

Last Checked: May 7th, 2024 at 12:01am (Source: MLS PIN #73065763)

Gross Income: $26,400

Gross Expenses: $4,327

Net Income Calc: $22,073

CAP Rate: 5.66%

Annual Expenses for 866 Lakeview Ave, Lowell MA 01850

Total Gross Expenses (Calculated)$4,327/year

APOD AvailableNo

Heating

Electricity$120

Water$830

Gas$830

Insurance

Sewer$830

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,377

Annual Income & Unit Breakdown for 866 Lakeview Ave, Lowell MA 01850

Total Gross Income (Calculated)$26,400

Unit 1

Rental Income$1,200

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$1,000

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

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

General Information for 866 Lakeview Ave, Lowell MA 01850

Listing ID73065763

Property TypeMulti Family / 2 Family

Price$389,900 ($321.97/SqFt)

Style2 Family - 2 Units Up/down

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total1,211 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking7 (1 Garage)

Garage Parking1 / Detached

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningTMF

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 866 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 SourceOwner

Total Gross Expenses By Broker$950

Total Gross Income By Broker$26,400

Total Net Income By Broker$25,450

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 866 Lakeview Ave, Lowell MA 01850

Real Estate Taxes$3,377

Tax Year2022

Assessed Value$266,100

Financial Data SourceOwner

Total Gross Expenses By Broker$950

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$26,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$25,450

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.66%

Location Information for 866 Lakeview Ave, Lowell MA 01850

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Shopping, Public Transportation, University

Contact Information for 866 Lakeview Ave, Lowell MA 01850

Agent

Name: The Courtney Group

Office

Name: LAER Realty Partners

Phone: 978-692-9292

Team Members

Name: Tom Courtney

Phone: 978-265-7917

Payment Calculator

, Interest

Property Taxes 281.42

Principal & Interest 2402.44

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

The Courtney Group

Agent Phone

Office Phone

(978) 692-9292

Text Agent Call Agent Call Office

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[21] => Array
                (
                    [id] => 6747413
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73065763&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 00:01:17
                    [modified] => 2024-05-07 00:01:17
                )

[22] => Array
                (
                    [id] => 6747414
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73065763&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 00:01:18
                    [modified] => 2024-05-07 00:01:18
                )

[23] => Array
                (
                    [id] => 6747415
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73065763&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 00:01:18
                    [modified] => 2024-05-07 00:01:18
                )

[24] => Array
                (
                    [id] => 6747416
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73065763&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-05-07 00:01:18
                    [modified] => 2024-05-07 00:01:18
                )

[25] => Array
                (
                    [id] => 6747417
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73065763&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2024-05-07 00:01:18
                    [modified] => 2024-05-07 00:01:18
                )

[26] => Array
                (
                    [id] => 6747418
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73065763&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-05-07 00:01:18
                    [modified] => 2024-05-07 00:01:18
                )

)

)

EXIT