Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Expired

1118 Gorham St, Lowell MA 01852

$1,049,000

Estimated $1,880/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $524,500

Total Rent: 60000/year

Estimated CAP Rate:

6 Bedrooms

Baths

2819

Total Parking: 10 (4 Garage)

3,200 (0.07)

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 31 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

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 Tax2148

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

Total Gross Income (Calculated)$60,000

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit2

Rent Includes

General Information for 1118 Gorham St, Lowell MA 01852

Listing ID73061315

Property TypeMulti Family / 2 Family

Price1049000 ($372.12/SqFt)

Style2 Family - 2 Units Side By Side

CityLowell

CountyMiddlesex

MLS AreaSouth Lowell

Neighborhood(s)

Approximate Living Area Total2819

Approximate Lot Size (Acres)0.07

Total Parking10 (4 Garage)

Garage Parking4

Year Built1916

Year Built SourcePublic Records

Year Built DetailsRenovated Since,Finished, Never Occupied

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 Views

Water Views Features

Waterfront Features

Terms

Disclosures for 1118 Gorham St, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsGenerator

DisclosuresOffice space and room for future bathroom

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 1118 Gorham St, Lowell MA 01852

Real Estate Taxes2148

Tax Year2022

Assessed Value$85,300

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 1118 Gorham St, Lowell MA 01852

Neighborhood(s)

MLS AreaSouth Lowell

Area AmenitiesWalk/jog Trails

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

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

Array
(
    [acres] => Approx. 0.07 acres (3,200 SqFt)
    [add_date] => 2024-05-07 06:56:02
    [address] => Gorham St
    [agent] => Array
        (
            [address] => 39 Wilshire Circle
            [city] => Dracut
            [id] => D0006645
            [name] => Kevin Durkin
            [national_association] => 456001206
            [office] => AN1199
            [state] => MA
            [zip] => 01826
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
            [0] => Range
        )

[approx_living_area_total] => 2819
    [approx_lot_size_acres] => 0.07
    [approx_lot_size_sqft] => 3200
    [assessed_value] => $85,300
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
            [0] => Full
        )

[bathrooms] => 
    [bedrooms] => 6
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Measured
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2.0
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => 2 Family
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Lowell
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
            [0] => Net Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => Frame
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Middlesex
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => 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.
    [disclosures] => Office space and room for future bathroom
    [documents_available] => Array
        (
        )

[electric] => Array
        (
            [0] => 220 Volts
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Generator
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 2.0
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
            [0] => Estimated
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
            [0] => Tile
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 4
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => 
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
            [0] => French Doors
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 06:56:02
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => South Lowell
    [mls_id] => 73061315
    [neighborhoods] => 
    [net_income_calc] => 57852
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 2
    [office] => Array
        (
            [id] => AN1199
            [name] => LAER Realty Partners
            [phone] => 978-251-8221
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 1049000
    [price_per_sqft] => 372.12
    [price_per_unit] => 524500
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 2 Family - 2 Units Side By Side
        )

[real_estate_tax] => 2148
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 11
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Expired
        )

[street_number] => 1118
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 1
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 
    [tax_year] => 2022
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 2148
    [total_gross_income] => 60000
    [total_parking] => 10 (4 Garage)
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full, 1 Half
    [unit_1_bedrooms] => 3
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 2
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 1 Full, 1 Half
    [unit_2_bedrooms] => 3
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 2
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 
    [unit_3_bedrooms] => 0
    [unit_3_floor] => 1
    [unit_3_lease] => Array
        (
        )

[unit_3_levels] => 0
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 1118 Gorham St, Lowell MA 01852
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => 
    [waterfront_features] => Array
        (
        )

[raw] => 
)

EXIT

39 More Photos