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989 Lakeview Ave, Lowell MA 01850

$659,900

Estimated $1,622/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $164,975

Total Rent: 35400/year

Estimated CAP Rate:

4 Bedrooms

Baths

3040

Total Parking: 6 (2 Garage)

5,996 (0.14)

Check out this well maintained four family on the Dracut line near the university. One-bedroom units, hardwood floors, gas heat, all separate utilities, with room for expansion in attic. Two car garage with off street parking. Many improvements include new gas fired heating in units 3 and 4, new roof in 2012, new boilers in 2015, renovated bathrooms in 2020, house painted in 2020, plus much, much more. Look to documents to get a list of recent improvements. Coin op laundry in basement. Rents under market with long term tenants, units 1 and 2 are TAW, unit 3 is vacant, unit 4 under lease until end of January 2024.

This home has been viewed 49 times

Last Checked: May 7th, 2024 at 5:21am (Source: MLS PIN #73087238)

Gross Income: $35,400

Gross Expenses: $9,080

Net Income Calc: $26,320

Water Views

Annual Expenses for 989 Lakeview Ave, Lowell MA 01850

Total Gross Expenses (Calculated)$9,080/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6620

Annual Income & Unit Breakdown for 989 Lakeview Ave, Lowell MA 01850

Total Gross Income (Calculated)$35,400

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 989 Lakeview Ave, Lowell MA 01850

Listing ID73087238

Property TypeMulti Family / 4 Family

Price659900 ($217.07/SqFt)

Style4 Family

CityLowell

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3040

Approximate Lot Size (Acres)0.14

Total Parking6 (2 Garage)

Garage Parking2

Year Built1870

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningTTF

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 989 Lakeview Ave, Lowell MA 01850

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Compensation Based OnNet Sale Price

Financial Information for 989 Lakeview Ave, Lowell MA 01850

Real Estate Taxes6620

Tax Year2022

Assessed Value$521,700

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 989 Lakeview Ave, Lowell MA 01850

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 989 Lakeview Ave, Lowell MA 01850

Agent

Name: Tom Courtney

Office

Name: LAER Realty Partners

Phone: 978-692-9292

Payment Calculator

, Interest

Property Taxes 551.67

Principal & Interest 4066.09

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

Tom Courtney

Agent Phone

Office Phone

(978) 692-9292

Text Agent Call Agent Call Office

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EXIT

15 More Photos

Closed

989 Lakeview Ave, Lowell MA 01850

$659,900

Annual Expenses for 989 Lakeview Ave, Lowell MA 01850

Annual Income & Unit Breakdown for 989 Lakeview Ave, Lowell MA 01850

General Information for 989 Lakeview Ave, Lowell MA 01850

Disclosures for 989 Lakeview Ave, Lowell MA 01850

Financial Information for 989 Lakeview Ave, Lowell MA 01850

Location Information for 989 Lakeview Ave, Lowell MA 01850

Contact Information for 989 Lakeview Ave, Lowell MA 01850

Agent

Office

Payment Calculator

Exclusive Listing Agent

LAER Realty Partners

Tom Courtney