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Canceled

621-627 Central Street, Lowell MA 01852

$1,250,000

Estimated $3,071.29/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $208,333.33

Total Rent: 72000/year

Estimated CAP Rate: 4.76%

18 Bedrooms

6 Full Baths

6,200 SqFt

Total Parking: 4

10,427 SqFt

Investors take notice!! This spectacular property features 6 units! All units are 3 bedrooms and 1 bathroom. They have separate utilities and stackable washer and dryer in each unit! Updates include new windows and new siding, interior was gutted down to the studs in 2003. Parking is available in the rear of the property. All units are currently occupied with Tenants at Will. Come view this property for an amazing investment opportunity!

This home has been viewed 34 times

Last Checked: May 7th, 2024 at 5:36am (Source: MLS PIN #73104794)

Gross Income: $72,000

Gross Expenses: $12,533

Net Income Calc: $59,467

CAP Rate: 4.76%

Annual Expenses for 621-627 Central Street, Lowell MA 01852

Total Gross Expenses (Calculated)$12,533/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$12,533

Annual Income & Unit Breakdown for 621-627 Central Street, Lowell MA 01852

Total Gross Income (Calculated)$72,000

Unit 1

Rental Income$1,800

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,200

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 621-627 Central Street, Lowell MA 01852

Listing ID73104794

Property TypeMulti Family / 5+ Family

Price$1,250,000 ($201.61/SqFt)

Style5-9 Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total6,200 SqFt

Approximate Lot Size (Acres)0.24 acres

Total Parking4

Garage Parking

Year Built1908

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningTMU

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 621-627 Central Street, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureBuyer to verifu measurements. Listing Agent and Se

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$90,000

Total Net Income By Broker$90,000

For Sale By OwnerEntry Only

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 621-627 Central Street, Lowell MA 01852

Real Estate Taxes$12,533

Tax Year2022

Assessed Value$987,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$90,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$90,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.76%

Location Information for 621-627 Central Street, Lowell MA 01852

Elementary School

Middle School

High SchoolLowell High Sch

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Public Transportation, University

Contact Information for 621-627 Central Street, Lowell MA 01852

Agent

Name: Christian Doherty

Office

Name: Doherty Properties

Phone: 978-746-0124

Payment Calculator

, Interest

Property Taxes 1044.42

Principal & Interest 7702.1

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Doherty Properties

Christian Doherty

Agent Phone

Office Phone

(978) 746-0124

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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        )

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[water_expense] => Array
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        (
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[waterfront] => No
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EXIT

Canceled

621-627 Central Street, Lowell MA 01852

$1,250,000

Annual Expenses for 621-627 Central Street, Lowell MA 01852

Annual Income & Unit Breakdown for 621-627 Central Street, Lowell MA 01852

General Information for 621-627 Central Street, Lowell MA 01852

Disclosures for 621-627 Central Street, Lowell MA 01852

Financial Information for 621-627 Central Street, Lowell MA 01852

Location Information for 621-627 Central Street, Lowell MA 01852

Contact Information for 621-627 Central Street, Lowell MA 01852

Agent

Office

Payment Calculator

Exclusive Listing Agent

Doherty Properties

Christian Doherty