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53 3rd Street, Lowell MA 01850

$950,000

Estimated $2,133.78/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $158,333.33

Total Rent: 34200/year

Estimated CAP Rate: 2.81%

12 Bedrooms

6 Full Baths

5,382 SqFt

Total Parking: 0

3,960 SqFt

Here is a chance to purchase a 6 unit building. All units 4/2/1. Building has new roof. Two of the units renovated in 2021. Close to major highways, train station, private and public schools and downtown Lowell. Open house will be by appointment only on Wednesday 9/28 from 5-7 & Thursday 9/29 from 10:00-12:00. Will only have access to two units and the common area. For all serious buyers with pre approval, a second showing can be set up for the remaining units. Being sold as is.

This home has been viewed 37 times

Last Checked: May 7th, 2024 at 3:31am (Source: MLS PIN #73070672)

Gross Income: $34,200

Gross Expenses: $7,495

Net Income Calc: $26,705

CAP Rate: 2.81%

Annual Expenses for 53 3rd Street, Lowell MA 01850

Total Gross Expenses (Calculated)$7,495/year

APOD AvailableNo

Heating

Electricity$75

Water$300

Gas$300

Insurance

Sewer$300

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,120.36

Annual Income & Unit Breakdown for 53 3rd Street, Lowell MA 01850

Total Gross Income (Calculated)$34,200

Unit 1

Rental Income$1,400

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,450

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingYes

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingYes

Rent Includes

General Information for 53 3rd Street, Lowell MA 01850

Listing ID73070672

Property TypeMulti Family / 5+ Family

Price$950,000 ($176.51/SqFt)

Style5-9 Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total5,382 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking0

Garage Parking

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningCommercial

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 53 3rd Street, Lowell MA 01850

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosureall information is approximate- buyer/buyers agent

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$4,500

Total Gross Income By Broker$100,320

Total Net Income By Broker$95,820

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 53 3rd Street, Lowell MA 01850

Real Estate Taxes$7,120.36

Tax Year2022

Assessed Value$561,100

Financial Data SourceEstimated

Total Gross Expenses By Broker$4,500

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$100,320

BostonRealEstate.com Gross Income

Total Net Income By Broker$95,820

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.81%

Location Information for 53 3rd Street, Lowell MA 01850

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 53 3rd Street, Lowell MA 01850

Agent

Name: Marissa Keach

Office

Name: Coldwell Banker Realty - Easton

Phone: 508-230-2544

Team Members

Name: Linda Tucker

Phone: 508-562-7743

Payment Calculator

, Interest

Property Taxes 593.36

Principal & Interest 5853.6

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Easton

Marissa Keach

Agent Phone

Office Phone

(508) 230-2544

Text Agent Call Agent Call Office

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[high_school] => 
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    [hot_water] => Array
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[last_month_required] => Array
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    [laundry_features] => Array
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            [name] => Coldwell Banker Realty - Easton
            [phone] => 508-230-2544
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[optional_fee_includes] => Array
        (
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    [outdoor_space_available] => Array
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[owner_occupancy_source] => 
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        (
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[pasture_area] => None
    [patio_and_porch] => Array
        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[phone] => 508-272-1873
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
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    [senior_community] => No
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[sewer_expense] => Array
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[short_sale] => 
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                    [zip] => 02356
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[terms] => Array
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[timber_acres] => None
    [title_5] => 
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    [total_gross_income] => 34200
    [total_parking] => 0
    [trash_expense] => Array
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[uffi] => Array
        (
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[water_expense] => Array
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[water_views] => Array
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[water_views_features] => Array
        (
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    [waterfront_features] => Array
        (
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EXIT

Closed

53 3rd Street, Lowell MA 01850

$950,000

Annual Expenses for 53 3rd Street, Lowell MA 01850

Annual Income & Unit Breakdown for 53 3rd Street, Lowell MA 01850

General Information for 53 3rd Street, Lowell MA 01850

Disclosures for 53 3rd Street, Lowell MA 01850

Financial Information for 53 3rd Street, Lowell MA 01850

Location Information for 53 3rd Street, Lowell MA 01850

Contact Information for 53 3rd Street, Lowell MA 01850

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Easton

Marissa Keach