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Closed

163 Summer St, Lowell MA 01852

$519,000

Estimated $1,279.89/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $259,500

Total Rent: 0/year

Estimated CAP Rate: -1.01%

6 Bedrooms

4 Full Baths

3,351 SqFt

Total Parking: 2

5,197 SqFt

Excellent opportunity to invest and own a massive two-family home over 3,000 sqft in Lowell. Great location, near downtown Lowell, the train station and highway access. Conveniently in close proximity to stores, restaurants, park and schools. Roof, baseboard heaters and windows, updated in 2012. First unit features two bedrooms, hardwood floors, and a mudroom. Second unit has two levels, with two bedrooms, full bathroom on one floor and two bedrooms and another full bathroom above on the third floor, as well as two additional bonus rooms that can be used as office, playroom, or guestrooms. Basement with plenty of storage with full bathroom. The property has a sizable deck that is situated on a large, fenced-in yard, ideal for cookouts in the spring/summer. Plenty of on street parking. Amazing potential to truly make this house your own and receive passive income. Second unit is empty. Open House Feb Sat 25th & Sun 26th 2-4PM. Offer deadline Tues Feb 28th at12pm.

This home has been viewed 38 times

Last Checked: May 7th, 2024 at 3:11am (Source: MLS PIN #73081352)

Gross Income: $0

Gross Expenses: $5,260

Net Income Calc: $5,260

CAP Rate: -1.01%

Annual Expenses for 163 Summer St, Lowell MA 01852

Total Gross Expenses (Calculated)$5,260/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,260

Annual Income & Unit Breakdown for 163 Summer St, Lowell MA 01852

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 163 Summer St, Lowell MA 01852

Listing ID73081352

Property TypeMulti Family

Price$519,000 ($154.88/SqFt)

StyleMulti Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,351 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking2

Garage Parking

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningTMF

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 163 Summer St, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

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 163 Summer St, Lowell MA 01852

Real Estate Taxes$5,260

Tax Year2022

Assessed Value$414,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.01%

Location Information for 163 Summer St, Lowell MA 01852

Elementary SchoolRogers

Middle SchoolRogers

High SchoolLowell High

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Park, Public Transportation, T-station

Contact Information for 163 Summer St, Lowell MA 01852

Agent

Name: Bonieta Lach

Office

Name: Pailin Realty

Phone: 978-319-8958

Team Members

Name: Rasy An

Phone: 978-319-8958

Payment Calculator

, Interest

Property Taxes 438.33

Principal & Interest 3197.91

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Pailin Realty

Bonieta Lach

Agent Phone

Office Phone

(978) 319-8958

Text Agent Call Agent Call Office

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[terms] => Array
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EXIT