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100 South Highland Street, Lowell MA 01852

$685,000

Estimated $1,509.05/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $342,500

Total Rent: 49800/year

Estimated CAP Rate: 6.57%

6 Bedrooms

2 Full Baths

2,478 SqFt

Total Parking: 5

5,983 SqFt

Don't miss out on this well-maintained 2-family home! It's the perfect investment opportunity with the potential to be owner-occupied! Both units are open-concept, making entertaining guests a cinch with easy access to the sun-filled living rooms, dining rooms, and kitchens. These units are spacious: complete with stainless steel appliances, newer cabinets and tile backsplash. The first floor has a charming reading/office nook, 3 bedrooms, a full tiled bath, and a patio out the side door. The second unit is also three bedrooms and their rent includes 2 extra rooms on the 3rd floor. It is the larger of the 2 w/ a bay window, a mudroom addition on the ground level with rear stairs to the kitchen. There is a pantry / office w/ access to large wooden deck to that overlooks the yard. Plenty of off-street parking, a shed, & quick access to Lowell Connector. Enjoy nearby downtown. Easy to rt 3 and 495. Schedule your showing today!! This home treated to be lead compliant in 2021.

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 4:50am (Source: MLS PIN #73078097)

Gross Income: $49,800

Gross Expenses: $4,780

Net Income Calc: $45,020

CAP Rate: 6.57%

Annual Expenses for 100 South Highland Street, Lowell MA 01852

Total Gross Expenses (Calculated)$4,780/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,780

Annual Income & Unit Breakdown for 100 South Highland Street, Lowell MA 01852

Total Gross Income (Calculated)$49,800

Unit 1

Rental Income$1,950

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$2,200

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

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

General Information for 100 South Highland Street, Lowell MA 01852

Listing ID73078097

Property TypeMulti Family / 2 Family

Price$685,000 ($276.43/SqFt)

Style2 Family - 2 Units Up/down

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,478 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking5

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area0

Foundation DescriptionBlock,Stone,Other

Accessible Features

Outdoor Space

ZoningTMF

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 100 South Highland Street, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureMeasurements are approximate.

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$49,800

Total Net Income By Broker$49,800

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 100 South Highland Street, Lowell MA 01852

Real Estate Taxes$4,780

Tax Year2022

Assessed Value$376,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$49,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$49,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.57%

Location Information for 100 South Highland Street, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation

Contact Information for 100 South Highland Street, Lowell MA 01852

Agent

Name: Kelly Dimbat

Office

Name: Lamacchia Realty, Inc.

Phone: 339-645-9300

Payment Calculator

, Interest

Property Taxes 398.33

Principal & Interest 4220.75

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lamacchia Realty, Inc.

Kelly Dimbat

Agent Phone

Office Phone

(339) 645-9300

Text Agent Call Agent Call Office

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)

EXIT