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Closed

10 Rockdale Ave, Lowell MA 01854

$699,900

Estimated $1,692.05/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $233,300

Total Rent: 78000/year

Estimated CAP Rate: 10.19%

11 Bedrooms

3 Full Baths

3,519 SqFt

Total Parking: 2

2,093 SqFt

Great Opportunity located near UMASS LOWELL for anyone looking to Invest or Owner Occupy the property with LEAD COMPLIANCE CERTIFICATES! This classic New England Triple Decker has unlimited income potential offering flexible floor plans, private covered porches, and separate utilities. All units boast a spacious kitchen with gas stove, a separate laundry area, bay windows, a living room, 3-4 bedrooms, and a full bath with tub/shower. The 1st-floor unit is vacant and recently updated including FHA heating, while 2nd and 3rd-floor units have hot water baseboard heating. The unfinished basement houses the separate utilities for each unit and the Rubber Roof was updated in 2017. The property also has 2 off-street parking spots. Don't miss your opportunity to own this New England Classic! 2nd floor lease expires on 8/31/2023. 1st and 3rd floors rent estimated and both to be delivered vacant. Just inspected by the City of Lowell and will have inspection certificates by 06/10/2023.

This home has been viewed 28 times

Last Checked: May 7th, 2024 at 7:06am (Source: MLS PIN #73113842)

Gross Income: $78,000

Gross Expenses: $6,686

Net Income Calc: $71,314

CAP Rate: 10.19%

Annual Expenses for 10 Rockdale Ave, Lowell MA 01854

Total Gross Expenses (Calculated)$6,686/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,686

Annual Income & Unit Breakdown for 10 Rockdale Ave, Lowell MA 01854

Total Gross Income (Calculated)$78,000

Unit 1

Rental Income$2,100

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,000

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$2,400

LeaseN

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 10 Rockdale Ave, Lowell MA 01854

Listing ID73113842

Property TypeMulti Family / 3 Family

Price$699,900 ($198.89/SqFt)

Style3 Family - 3 Units Up/down

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,519 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking2

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningUSF

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 10 Rockdale Ave, Lowell MA 01854

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$78,000

Total Net Income By Broker$78,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 10 Rockdale Ave, Lowell MA 01854

Real Estate Taxes$6,686

Tax Year2022

Assessed Value$526,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$78,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$78,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)10.19%

Location Information for 10 Rockdale Ave, Lowell MA 01854

Elementary SchoolLps

Middle SchoolLps

High SchoolLhs Or Gltech

Neighborhood(s)

MLS Area

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

Contact Information for 10 Rockdale Ave, Lowell MA 01854

Agent

Name: Raymond Boutin

Office

Name: RE/MAX Innovative Properties

Phone: 978-452-4432

Payment Calculator

, Interest

Property Taxes 557.17

Principal & Interest 4312.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Innovative Properties

Raymond Boutin

Agent Phone

Office Phone

(978) 452-4432

Text Agent Call Agent Call Office

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EXIT

Closed

10 Rockdale Ave, Lowell MA 01854

$699,900

Annual Expenses for 10 Rockdale Ave, Lowell MA 01854

Annual Income & Unit Breakdown for 10 Rockdale Ave, Lowell MA 01854

General Information for 10 Rockdale Ave, Lowell MA 01854

Disclosures for 10 Rockdale Ave, Lowell MA 01854

Financial Information for 10 Rockdale Ave, Lowell MA 01854

Location Information for 10 Rockdale Ave, Lowell MA 01854

Contact Information for 10 Rockdale Ave, Lowell MA 01854

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RE/MAX Innovative Properties

Raymond Boutin