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Expired

1118 Gorham St, Lowell MA 01852

$1,049,000

Estimated $1,879.95/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $524,500

Total Rent: 60000/year

Estimated CAP Rate: 5.51%

6 Bedrooms

2 Full, 2 Half Baths

2,819 SqFt

Total Parking: 10 (4 Garage)

3,200 SqFt

Huge $100,000 price drop! Attention investors Contractors or owner occupied! This newly renovated building has all the bells and whistles, Features a duplex that has 3 bedrooms and 1.5 baths and 1 car garage in each unit, plus a huge 600 sq foot unfinished room that could be used as a additional living space, or a large office space. There is another 2 car garage below that that is heated for storage or you could rent out. This is perfect for landscaper, contractor, painting company, electrician, plumber, cleaning company. You can store cars, trucks ,equipment, supplies in 2000 sq foot heated commercial garage in the rear that offers fantastic space. Hurry to view this.

This home has been viewed 22 times

Last Checked: May 7th, 2024 at 6:56am (Source: MLS PIN #73061315)

Gross Income: $60,000

Gross Expenses: $2,148

Net Income Calc: $57,852

CAP Rate: 5.51%

Annual Expenses for 1118 Gorham St, Lowell MA 01852

Total Gross Expenses (Calculated)$2,148/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$2,148

Annual Income & Unit Breakdown for 1118 Gorham St, Lowell MA 01852

Total Gross Income (Calculated)$60,000

Unit 1

Rental Income$2,500

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

HeatingYes

Rent Includes

Unit 2

Rental Income$2,500

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 1118 Gorham St, Lowell MA 01852

Listing ID73061315

Property TypeMulti Family / 2 Family

Price$1,049,000 ($372.12/SqFt)

Style2 Family - 2 Units Side By Side

CityLowell

CountyMiddlesex

MLS AreaSouth Lowell

Neighborhood(s)

Approximate Living Area Total2,819 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking10 (4 Garage)

Garage Parking4 / Detached

Year Built1916

Year Built SourcePublic Records

Year Renovated

Year Built DetailsRenovated Since,Finished, Never Occupied

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Stone, Block

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionConcrete Perimeter,Block

Accessible Features

Outdoor Space

ZoningTTF

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesThermostat

Terms

Disclosures for 1118 Gorham St, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureDoes not include commercial garages or unfinished

Building Area SourceMeasured

Title 5

Exclusions

DisclosuresOffice space and room for future bathroom

Financial Data SourceLimited Information, Not Available

Total Gross Expenses By Broker$0

Total Gross Income By Broker$60,000

Total Net Income By Broker$60,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 1118 Gorham St, Lowell MA 01852

Real Estate Taxes$2,148

Tax Year2022

Assessed Value$85,300

Financial Data SourceLimited Information, Not Available

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$60,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$60,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.51%

Location Information for 1118 Gorham St, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaSouth Lowell

Area AmenitiesHighway Access, House Of Worship, Public School, Park, Public Transportation, T-station, Tennis Court(s), Private School, University, Sidewalks

Contact Information for 1118 Gorham St, Lowell MA 01852

Agent

Name: Kevin Durkin

Office

Name: LAER Realty Partners

Phone: 978-251-8221

Payment Calculator

, Interest

Property Taxes 179

Principal & Interest 6463.6

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

Kevin Durkin

Agent Phone

Office Phone

(978) 251-8221

Text Agent Call Agent Call Office

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)

EXIT