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Closed

389 Boylston Street, Lowell MA 01852

$675,000

Estimated $1,587.83/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $337,500

Total Rent: 50400/year

Estimated CAP Rate: 6.59%

5 Bedrooms

2 Full Baths

2,050 SqFt

Total Parking: 10

11,125 SqFt

THIS IS THE ONE YOU HAVE BEEN SEARCHING FOR. TITLE 5 TO BE COMPLETED BY CLOSING. Beautiful Belvideire property with fenced yard and enormous amount of parking. Excellent income producing property. Outstanding tenant/rental history. Tenants are TAW. 6 year young roof. Ample parking and carport! Private setting with what feels like a private road and a dead end! Kitchens are updated with granite countertops. Property is well cared for. Each unit boasts special features. Wood fireplace in bottom 2 bedroom unit with slider to yard. Filtered water on refridgerator in first floor unit. Sunroom on 2nd floor is a real crowd pleaser. Terrific hardwood floors for easy cleanup. Regular HVAC maintenance. Enormous lower level with washer and dryer for occupants with tremendous capacity for storage. Truly an outstanding multi family property.

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 3:11am (Source: MLS PIN #73072403)

Gross Income: $50,400

Gross Expenses: $5,919

Net Income Calc: $44,481

CAP Rate: 6.59%

Annual Expenses for 389 Boylston Street, Lowell MA 01852

Total Gross Expenses (Calculated)$5,919/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,919.89

Annual Income & Unit Breakdown for 389 Boylston Street, Lowell MA 01852

Total Gross Income (Calculated)$50,400

Unit 1

Rental Income$1,900

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,300

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 389 Boylston Street, Lowell MA 01852

Listing ID73072403

Property TypeMulti Family / 2 Family

Price$675,000 ($329.27/SqFt)

Style2 Family - 2 Units Up/down

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,050 SqFt

Approximate Lot Size (Acres)0.26 acres

Total Parking10

Garage Parking

Year Built1955

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRES

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 389 Boylston Street, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$0

Total Gross Income By Broker$51,600

Total Net Income By Broker$51,600

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 389 Boylston Street, Lowell MA 01852

Real Estate Taxes$5,919.89

Tax Year2022

Assessed Value$466,500

Financial Data SourceOwner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$51,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$51,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.59%

Location Information for 389 Boylston Street, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic Transportation

Contact Information for 389 Boylston Street, Lowell MA 01852

Agent

Name: Beth McGaffigan

Office

Name: RE/MAX Encore

Phone: 978-988-0028

Payment Calculator

, Interest

Property Taxes 493.32

Principal & Interest 4159.14

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Encore

Beth McGaffigan

Agent Phone

Office Phone

(978) 988-0028

Text Agent Call Agent Call Office

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                )

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                )

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                )

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                )

[25] => Array
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                )

[26] => Array
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                )

[27] => Array
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                )

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                )

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                )

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                )

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                    [index] => 32
                    [enabled] => 1
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                )

[32] => Array
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                    [index] => 33
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                )

[33] => Array
                (
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                    [index] => 34
                    [enabled] => 1
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                    [modified] => 2024-05-07 03:11:22
                )

[34] => Array
                (
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                    [name] => MLS35.jpg
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                    [index] => 35
                    [enabled] => 1
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                )

[35] => Array
                (
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                    [name] => MLS36.jpg
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                    [index] => 36
                    [enabled] => 1
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                    [modified] => 2024-05-07 03:11:22
                )

[36] => Array
                (
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                    [name] => MLS37.jpg
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                    [index] => 37
                    [enabled] => 1
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                    [modified] => 2024-05-07 03:11:22
                )

[37] => Array
                (
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                )

[38] => Array
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                )

[39] => Array
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                    [index] => 40
                    [enabled] => 1
                    [created] => 2024-05-07 03:11:22
                    [modified] => 2024-05-07 03:11:22
                )

)

)

EXIT