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162 3rd St, Lowell MA 01850

$799,000

Estimated $1,757.17/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $399,500

Total Rent: 69000/year

Estimated CAP Rate: 7.94%

8 Bedrooms

2 Full Baths

3,667 SqFt

Total Parking: 0

6,922 SqFt

AMAZING Opportunity for an owner occupied / investment property! Move right in to this tastefully renovated, light filled multi-family! Meticulously updated & modernized in 2022, Both units feature an open floor plan, high ceilings with recessed lighting, hardwood floors throughout, brand new kitchens, large kitchen islands opened to the dining room and living room, all new stainless-steel appliances. Each unit offers 4 bedrooms, 1 renovated bathroom, a bonus room / office and a sunroom. System updates include two new furnaces, two new water heaters, all new double-paned windows, new basement windows, newer roof, new electrical service, new wiring in Kitchen and Bathrooms. Separate Gas & Electric meters. Close to major highways, train station, private and public schools and downtown Lowell – A rare combination of location, size, structural integrity, quality and high rent. Don’t miss this opportunity! Come see it before it’s gone.

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 2:01am (Source: MLS PIN #73063760)

Gross Income: $69,000

Gross Expenses: $5,539

Net Income Calc: $63,461

CAP Rate: 7.94%

Annual Expenses for 162 3rd St, Lowell MA 01850

Total Gross Expenses (Calculated)$5,539/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,539.20

Annual Income & Unit Breakdown for 162 3rd St, Lowell MA 01850

Total Gross Income (Calculated)$69,000

Unit 1

Rental Income$2,750

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent Includes

Unit 2

Rental Income$3,000

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 162 3rd St, Lowell MA 01850

Listing ID73063760

Property TypeMulti Family / 2 Family

Price$799,000 ($217.89/SqFt)

Style2 Family - 2 Units Up/down

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,667 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking0

Garage Parking

Year Built1918

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area1378

Foundation DescriptionGranite

Accessible Features

Outdoor Space

Zoning2FAM MDF1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 162 3rd St, Lowell MA 01850

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureLiving Area does not included finished enclosed po

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$66,000

Total Net Income By Broker$66,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation1.0

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 162 3rd St, Lowell MA 01850

Real Estate Taxes$5,539.20

Tax Year2022

Assessed Value$436,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$66,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$66,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.94%

Location Information for 162 3rd St, Lowell MA 01850

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Shopping, Park, Medical Facility, Public Transportation, University

Contact Information for 162 3rd St, Lowell MA 01850

Agent

Name: Better Home Team

Office

Name: Coldwell Banker Realty - Boston

Phone: 617-266-4430

Team Members

Name: Sebastien Grebonval

Phone: 508-963-1788

Name: Linh Ton Nu

Phone: 978-766-6017

Name: Kiki Williams

Phone: 617-717-9118

Payment Calculator

, Interest

Property Taxes 461.6

Principal & Interest 4923.18

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Boston

Better Home Team

Agent Phone

Office Phone

(617) 266-4430

Text Agent Call Agent Call Office

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EXIT