Make this LEGAL 3 Multiunit your home with generating income to go against any high rate. Be an owner occupant or just rent the entire place making 10% cap rate in rental income or just fix it and flip it!! Lots of options on this LEGAL 3 Multiunit house. The house is located in downtown Lowell in a renters market!! it does need some work preferably cash deal or rehab loans. Flippers delight!
This home has been viewed 37 times
Last Checked: May 7th, 2024 at 2:10am (Source: MLS PIN #73047361)
Gross Income: $0
Gross Expenses: $5,500
Net Income Calc: $5,500
CAP Rate: -1.25%
Annual Expenses for 23 W 5th Street, Lowell MA 01850
Total Gross Expenses (Calculated)$5,500/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,500
Annual Income & Unit Breakdown for 23 W 5th Street, Lowell MA 01850
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor0
Levels in Unit0
HeatingNo
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor0
Levels in Unit0
HeatingNo
Rent Includes
General Information for 23 W 5th Street, Lowell MA 01850
Listing ID73047361
Property TypeMulti Family / 3 Family
Price$439,000 ($139.37/SqFt)
Style3 Family
CityLowell
CountyMiddlesex
MLS AreaCentralville
Neighborhood(s)
Approximate Living Area Total3,150 SqFt
Approximate Lot Size (Acres)0.1 acres
Total Parking7 (1 Garage)
Garage Parking1 / Detached
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate,Renovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionConcrete Perimeter,Block
Accessible Features
Outdoor Space
ZoningRes
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 23 W 5th Street, Lowell MA 01850
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure3950
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$54,000
Total Net Income By Broker$54,000
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 23 W 5th Street, Lowell MA 01850
Real Estate Taxes$5,500
Tax Year2022
Assessed Value$61,800
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$54,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$54,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-1.25%
Location Information for 23 W 5th Street, Lowell MA 01850
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaCentralville
Area AmenitiesPublic School, Shopping, Medical Facility, Laundromat, Public Transportation, T-station, University
Contact Information for 23 W 5th Street, Lowell MA 01850