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Closed

121 Powell St, Lowell MA 01851

$650,000

Estimated $1,557.22/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $162,500

Total Rent: 67200/year

Estimated CAP Rate: 9.41%

6 Bedrooms

4 Full Baths

2,872 SqFt

Total Parking: 7 (1 Garage)

6,003 SqFt

A great opportunity to own a 4 Family with a garage, located in the desirable Highlands of Lowell! Over the years this property has had many great updates including a Steam furnace that was replaced approximately 2 years ago. Location is everything, commuter-friendly and lots of restaurants and shopping close by. The Seller would consider selling Floyd St & Central st as a package. Or BRING your BEST offer to own ALL 4 properties, 5-7 Floyd st., 900 Central St, 24 W. 3rd St, and 121 Powell St.

This home has been viewed 51 times

Last Checked: May 7th, 2024 at 3:55am (Source: MLS PIN #73093492)

Gross Income: $67,200

Gross Expenses: $6,039

Net Income Calc: $61,161

CAP Rate: 9.41%

Annual Expenses for 121 Powell St, Lowell MA 01851

Total Gross Expenses (Calculated)$6,039/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,039

Annual Income & Unit Breakdown for 121 Powell St, Lowell MA 01851

Total Gross Income (Calculated)$67,200

Unit 1

Rental Income$1,500

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesGas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 2

Rental Income$1,550

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesGas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 3

Rental Income$1,350

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesGas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 4

Rental Income$1,200

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesGas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

General Information for 121 Powell St, Lowell MA 01851

Listing ID73093492

Property TypeMulti Family / 4 Family

Price$650,000 ($226.32/SqFt)

Style4 Family - 4 Units Up/down

CityLowell

CountyMiddlesex

MLS AreaHighlands

Neighborhood(s)

Approximate Living Area Total2,872 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking7 (1 Garage)

Garage Parking1 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot, Cleared

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningTMF

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 121 Powell St, Lowell MA 01851

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$67,200

Total Net Income By Broker$67,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 121 Powell St, Lowell MA 01851

Real Estate Taxes$6,039

Tax Year2022

Assessed Value$475,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$67,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$67,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.41%

Location Information for 121 Powell St, Lowell MA 01851

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaHighlands

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Medical Facility, Laundromat, Public Transportation

Contact Information for 121 Powell St, Lowell MA 01851

Agent

Name: Denise Hodgdon

Office

Name: Coldwell Banker Realty - Haverhill

Phone: 978-372-8577

Payment Calculator

, Interest

Property Taxes 503.25

Principal & Interest 4005.09

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Haverhill

Denise Hodgdon

Agent Phone

Office Phone

(978) 372-8577

Text Agent Call Agent Call Office

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EXIT

Closed

121 Powell St, Lowell MA 01851

$650,000

Annual Expenses for 121 Powell St, Lowell MA 01851

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Coldwell Banker Realty - Haverhill

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