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222 Cumberland Road, Lowell MA 01850

$650,000

Estimated $1,682.76/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $216,666.67

Total Rent: 64200/year

Estimated CAP Rate: 8.72%

12 Bedrooms

3 Full Baths

3,890 SqFt

Total Parking: 0

3,381 SqFt

Opportunity presents itself in this triple-decker just off Aiken Ave. Large floor plan for all units (same layout), each with its own eat-in kitchen, living room, four bedrooms and one full bath. All units are separately metered and tenants are responsible for payment of own electric, heat, hot water and cooking. Well maintained property by active owner. All units are lead compliant w/certificates of deleading compliance in hand. All units have both central heat/central air. Location is on public transit and within a short distance of all area amenities. Reap the rewards and upside potential w/this strong cash flowing property.

This home has been viewed 38 times

Last Checked: May 7th, 2024 at 1:51am (Source: MLS PIN #73069981)

Gross Income: $64,200

Gross Expenses: $7,545

Net Income Calc: $56,655

CAP Rate: 8.72%

Annual Expenses for 222 Cumberland Road, Lowell MA 01850

Total Gross Expenses (Calculated)$7,545/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,545.47

Annual Income & Unit Breakdown for 222 Cumberland Road, Lowell MA 01850

Total Gross Income (Calculated)$64,200

Unit 1

Rental Income$1,850

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,850

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,650

Lease

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 222 Cumberland Road, Lowell MA 01850

Listing ID73069981

Property TypeMulti Family / 3 Family

Price$650,000 ($167.1/SqFt)

Style3 Family

CityLowell

CountyMiddlesex

MLS AreaCentralville

Neighborhood(s)

Approximate Living Area Total3,890 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningTMF

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 222 Cumberland Road, Lowell MA 01850

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureNeither agent nor owner have measured property. Bu

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$64,200

Total Net Income By Broker$64,200

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 222 Cumberland Road, Lowell MA 01850

Real Estate Taxes$7,545.47

Tax Year2022

Assessed Value$594,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$64,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$64,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.72%

Location Information for 222 Cumberland Road, Lowell MA 01850

Elementary SchoolLowell Public

Middle SchoolLowell Public

High SchoolLowell Public

Neighborhood(s)

MLS AreaCentralville

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

Contact Information for 222 Cumberland Road, Lowell MA 01850

Agent

Name: Brian Donoghue

Office

Name: Universal Property Management

Phone: 978-937-9327

Payment Calculator

, Interest

Property Taxes 628.79

Principal & Interest 4005.09

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Universal Property Management

Brian Donoghue

Agent Phone

Office Phone

(978) 937-9327

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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EXIT

Closed

222 Cumberland Road, Lowell MA 01850

$650,000

Annual Expenses for 222 Cumberland Road, Lowell MA 01850

Annual Income & Unit Breakdown for 222 Cumberland Road, Lowell MA 01850

General Information for 222 Cumberland Road, Lowell MA 01850

Disclosures for 222 Cumberland Road, Lowell MA 01850

Financial Information for 222 Cumberland Road, Lowell MA 01850

Location Information for 222 Cumberland Road, Lowell MA 01850

Contact Information for 222 Cumberland Road, Lowell MA 01850

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Universal Property Management

Brian Donoghue