Overview Property Details Payment Calculator Walkability

Closed

53 S Loring St, Lowell MA 01851

$540,000

Estimated $1,236.94/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $270,000

Total Rent: 18000/year

Estimated CAP Rate: 2.53%

4 Bedrooms

2 Full Baths

2,054 SqFt

Total Parking: 8

5,000 SqFt

Very well-maintained two family in the Upper Highlands. Top unit has two bedrooms but you can do something with the loft to make a third bedroom. Many updates the Roof is approximately six years old. One boiler is ten years old and the other is five years old. Electrical pan...

This home has been viewed 30 times

Last Checked: May 7th, 2024 at 1:21am (Source: MLS PIN #73068641)

Gross Income: $18,000

Gross Expenses: $4,336

Net Income Calc: $13,664

CAP Rate: 2.53%

Annual Expenses for 53 S Loring St, Lowell MA 01851

Total Gross Expenses (Calculated)$4,336/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,336

Annual Income & Unit Breakdown for 53 S Loring St, Lowell MA 01851

Total Gross Income (Calculated)$18,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,500

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 53 S Loring St, Lowell MA 01851

Listing ID73068641

Property TypeMulti Family

Price$540,000 ($262.9/SqFt)

StyleMulti Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,054 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking8

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningTTF

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 53 S Loring St, Lowell MA 01851

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOther (see Remarks)

Total Gross Expenses By Broker$0

Total Gross Income By Broker$15,840

Total Net Income By Broker$15,840

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 53 S Loring St, Lowell MA 01851

Real Estate Taxes$4,336

Tax Year2022

Assessed Value$341,700

Financial Data SourceOther (see Remarks)

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$15,840

BostonRealEstate.com Gross Income

Total Net Income By Broker$15,840

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.53%

Location Information for 53 S Loring St, Lowell MA 01851

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic Transportation

Contact Information for 53 S Loring St, Lowell MA 01851

Agent

Name: Brian McMahon

MLS ID: D0007494

Office ID: AN5830

National Association ID: 456001056

Address: 94 Clark Street

City: Lowell

State: MA

Zip: 01852

Office

Name: RE/MAX Innovative Properties

MLS Office ID: AN5830

Phone: 978-452-4432

Payment Calculator

$3,688.64 per month

30 Years Fixed, 6.75% Interest

Property Taxes $361.33

Principal & Interest $3,327.31

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Innovative Properties

Brian McMahon

Agent Phone

Office Phone

(978) 452-4432

Text Agent Call Agent Call Office

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                )

[24] => Array
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                )

[25] => Array
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                    [modified] => 2024-05-07 01:21:15
                )

[26] => Array
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                    [modified] => 2024-05-07 01:21:15
                )

[27] => Array
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                    [index] => 28
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                    [modified] => 2024-05-07 01:21:15
                )

[28] => Array
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                    [modified] => 2024-05-07 01:21:15
                )

[29] => Array
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                    [index] => 30
                    [enabled] => 1
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                    [modified] => 2024-05-07 01:21:15
                )

[30] => Array
                (
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                    [index] => 31
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                    [modified] => 2024-05-07 01:21:15
                )

[31] => Array
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                    [index] => 32
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                    [modified] => 2024-05-07 01:21:15
                )

[32] => Array
                (
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                    [index] => 33
                    [enabled] => 1
                    [created] => 2024-05-07 01:21:15
                    [modified] => 2024-05-07 01:21:15
                )

[33] => Array
                (
                    [id] => 6887563
                    [name] => MLS34.jpg
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                    [index] => 34
                    [enabled] => 1
                    [created] => 2024-05-07 01:21:15
                    [modified] => 2024-05-07 01:21:15
                )

[34] => Array
                (
                    [id] => 6887564
                    [name] => MLS35.jpg
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                    [index] => 35
                    [enabled] => 1
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                    [modified] => 2024-05-07 01:21:15
                )

[35] => Array
                (
                    [id] => 6887565
                    [name] => MLS36.jpg
                    [type] => gallery
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                    [index] => 36
                    [enabled] => 1
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                    [modified] => 2024-05-07 01:21:15
                )

[36] => Array
                (
                    [id] => 6887566
                    [name] => MLS37.jpg
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                    [index] => 37
                    [enabled] => 1
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                    [modified] => 2024-05-07 01:21:15
                )

[37] => Array
                (
                    [id] => 6887567
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                    [index] => 38
                    [enabled] => 1
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                    [modified] => 2024-05-07 01:21:15
                )

[38] => Array
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                    [id] => 6887568
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                    [index] => 39
                    [enabled] => 1
                    [created] => 2024-05-07 01:21:15
                    [modified] => 2024-05-07 01:21:15
                )

)

)

EXIT