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Closed

61 Lowden Avenue, Somerville MA 02144

$1,398,000

Estimated $3,492.68/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $699,000

Total Rent: 32400/year

Estimated CAP Rate: 1.27%

6 Bedrooms

3 Full, 1 Half Baths

3,460 SqFt

Total Parking: 5 (2 Garage)

4,037 SqFt

Opportunity Knocks! Build Wealth as a Homeowner OR Investor. Philadelphia-Style Multi-Family has been updated for the savvy buyer. Move in or Lease right away. Natural light throughout, gleaming hardwood floors, high ceilings, & elegant details. Kitchens have been thoughtfully designed & updated with custom cabinetry, stone counters & newer appliances. Many Updates include 2022 Gorgeous Stone Retaining Wall & Paver Driveway, Interior Painted, Kitchen & Baths, 2021 Architectural Roof & Skylight, Exterior Painted, Electrical upgrades, newer HVAC, Butler's Pantry, Gas, Garage, Laundry for both Units, & many more. Located near Tufts, Davis & Ball Squares and on one of Somervilles loveliest tree lined streets. A True Gem!

This home has been viewed 30 times

Last Checked: May 7th, 2024 at 3:36am (Source: MLS PIN #73083243)

Gross Income: $32,400

Gross Expenses: $14,710

Net Income Calc: $17,690

CAP Rate: 1.27%

Annual Expenses for 61 Lowden Avenue, Somerville MA 02144

Total Gross Expenses (Calculated)$14,710/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$14,710

Annual Income & Unit Breakdown for 61 Lowden Avenue, Somerville MA 02144

Total Gross Income (Calculated)$32,400

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$2,700

LeaseY

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 61 Lowden Avenue, Somerville MA 02144

Listing ID73083243

Property TypeMulti Family / 2 Family

Price$1,398,000 ($404.05/SqFt)

Style2 Family - 2 Units Up/down

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,460 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking5 (2 Garage)

Garage Parking2 / Detached

Year Built1905

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area1144

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesThermostat

Terms

Disclosures for 61 Lowden Avenue, Somerville MA 02144

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$32,400

Total Net Income By Broker$32,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 61 Lowden Avenue, Somerville MA 02144

Real Estate Taxes$14,710

Tax Year2022

Assessed Value$1,445,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$32,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$32,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.27%

Location Information for 61 Lowden Avenue, Somerville MA 02144

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, House Of Worship, Public School, Shopping, Park, Medical Facility, Bike Path, Public Transportation, T-station, University, Sidewalks

Contact Information for 61 Lowden Avenue, Somerville MA 02144

Agent

Name: The Kouri Team

Office

Name: Keller Williams Realty Boston South West

Phone: 781-251-2101

Team Members

Name: Leeanora Kouri

Phone: 781-964-1559

Name: Paul Kouri

Phone: 781-962-6250

Payment Calculator

, Interest

Property Taxes 1225.83

Principal & Interest 8614.03

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty Boston South West

The Kouri Team

Agent Phone

Office Phone

(781) 251-2101

Text Agent Call Agent Call Office

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EXIT