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Closed

730-732 Lawrence St, Lowell MA 01852

$599,900

Estimated $1,446.31/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $299,950

Total Rent: 51300/year

Estimated CAP Rate: 7.60%

10 Bedrooms

3 Full Baths

3,425 SqFt

Total Parking: 1

3,000 SqFt

Large, spacious two-family building with potential for 3rd unit, has 10+ bedrooms and 3 full bathrooms. Fully renovated 2 years ago with new vinyl siding, paint, flooring, replaced water heaters and a new furnace. 1st Floor has 4 bedrooms, 1 bath, kitchen, living room, and laundry room. 2nd Floor is currently rented with 4 bedrooms, 1 bath, kitchen, living room and laundry hook up in kitchen. Second unit could be combined with the 3rd floor adding an additional 2-3 bedrooms and another full bathroom, kitchen and gas stove hookup. Or, the third floor can also be converted into a separate unit creating a legal 3 Family. All units are fully de-leaded in 2020 with De-leading Certificate available for each unit. Large fenced yard. Large storage space in the basement. 1st and 2nd units are rented to long term tenants for $4275/month not including utilities. Turn-key rental property, just start to collect rents.

This home has been viewed 68 times

Last Checked: May 7th, 2024 at 6:01am (Source: MLS PIN #73103311)

Gross Income: $51,300

Gross Expenses: $5,683

Net Income Calc: $45,617

CAP Rate: 7.60%

Annual Expenses for 730-732 Lawrence St, Lowell MA 01852

Total Gross Expenses (Calculated)$5,683/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,683

Annual Income & Unit Breakdown for 730-732 Lawrence St, Lowell MA 01852

Total Gross Income (Calculated)$51,300

Unit 1

Rental Income$1,975

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,300

LeaseY

Bedrooms6

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 730-732 Lawrence St, Lowell MA 01852

Listing ID73103311

Property TypeMulti Family / 2 Family

Price$599,900 ($175.15/SqFt)

Style2 Family - 2 Units Up/down

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,425 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking1

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningTMU

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 730-732 Lawrence St, Lowell MA 01852

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$51,300

Total Net Income By Broker$51,300

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 730-732 Lawrence St, Lowell MA 01852

Real Estate Taxes$5,683

Tax Year2022

Assessed Value$447,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$51,300

BostonRealEstate.com Gross Income

Total Net Income By Broker$51,300

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.60%

Location Information for 730-732 Lawrence St, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, T-station, Pool

Contact Information for 730-732 Lawrence St, Lowell MA 01852

Agent

Name: Michelle Walker

Office

Name: Redfin Corp.

Phone: 617-340-7803

Payment Calculator

, Interest

Property Taxes 473.58

Principal & Interest 3696.39

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Redfin Corp.

Michelle Walker

Agent Phone

Office Phone

(617) 340-7803

Text Agent Call Agent Call Office

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[owner_occupancy_source] => 
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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[terms] => Array
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[timber_acres] => None
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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EXIT