Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Closed

85 Vernon St, Lowell MA 01850

$565,000

Estimated $1,384.72/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $282,500

Total Rent: 38280/year

Estimated CAP Rate: 5.29%

4 Bedrooms

2 Full Baths

2,796 SqFt

Total Parking: 6

7,955 SqFt

At the top of Christian Hill, awaits commanding views of Lowell’s city skyline and an amazing opportunity for this Two-Family located in one of Lowell’s most desirable residential neighborhoods. Both units offering 2-3 Bedrooms and 1 full bath, large Kitchens (Unit 1 has cathedral ceilings), In-unit laundries, longstanding rental history, large yard with street frontage on both Vernon and Beacon Streets, off street parking for 4-6 cars and outdoor storage shed. Just two blocks from the LRTA bus-line, minutes to downtown Lowell, the MBTA Lowell Train Station, 495, Lowell Connector, Rte. 3, and the New Hampshire line.

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 7:16am (Source: MLS PIN #73099800)

Gross Income: $38,280

Gross Expenses: $8,413

Net Income Calc: $29,867

CAP Rate: 5.29%

Annual Expenses for 85 Vernon St, Lowell MA 01850

Total Gross Expenses (Calculated)$8,413/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,623

Annual Income & Unit Breakdown for 85 Vernon St, Lowell MA 01850

Total Gross Income (Calculated)$38,280

Unit 1

Rental Income$1,495

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesGas, Water, Unit 1(heat, Hot Water)

Unit 2

Rental Income$1,695

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesGas, Water, Unit 1(heat, Hot Water)

General Information for 85 Vernon St, Lowell MA 01850

Listing ID73099800

Property TypeMulti Family

Price$565,000 ($202.07/SqFt)

StyleMulti Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,796 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking6

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionBlock,Stone,Irregular

Accessible Features

Outdoor Space

ZoningTTF

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 85 Vernon St, Lowell MA 01850

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$2,790

Total Gross Income By Broker$38,280

Total Net Income By Broker$38,280

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 85 Vernon St, Lowell MA 01850

Real Estate Taxes$5,623

Tax Year2022

Assessed Value$443,100

Financial Data SourceOwner

Total Gross Expenses By Broker$2,790

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$38,280

BostonRealEstate.com Gross Income

Total Net Income By Broker$38,280

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.29%

Location Information for 85 Vernon St, Lowell MA 01850

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 85 Vernon St, Lowell MA 01850

Agent

Name: Jonathan J. Power

Office

Name: Berkshire Hathaway HomeServices Commonwealth Real Estate

Phone: 781-942-2199

Team Members

Name: Sumi Sinnatamby

Phone: 781-249-7889

Payment Calculator

, Interest

Property Taxes 468.58

Principal & Interest 3481.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Jonathan J. Power

Agent Phone

Office Phone

(781) 942-2199

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.18 acres (7,955 SqFt)
    [add_date] => 2024-05-07 07:16:12
    [address] => Vernon St
    [agent] => Array
        (
            [address] => 26 Radcliffe Road
            [city] => Billerica
            [id] => B8001039
            [name] => Jonathan J. Power
            [national_association] => 448552621
            [office] => AN4881
            [state] => MA
            [zip] => 01821
        )

[apod_available] => Array
        (
            [0] => Yes
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 2,796 SqFt
    [approx_lot_size_acres] => 0.18 acres
    [approx_lot_size_sqft] => 7,955 SqFt
    [assessed_value] => $443,100
    [association] => No
    [association_fee] => Array
        (
            [0] => $0
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [basement] => Array
        (
        )

[bathrooms] => 2 Full
    [bedrooms] => 4
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 85 Vernon St Lowell
    [building_id] => 
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2.0%%
    [buyer_agent_id] => G8000014
    [buyer_office_id] => AN5843
    [c_style] => Array
        (
        )

[c_type] => Multi Family
    [cap_rate] => 5.29%
    [city] => Lowell
    [community_features] => Array
        (
        )

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

[complex_complete] => Array
        (
        )

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

[construction_status] => 
    [cooling] => No
    [cooperating_agent_commission] => Array
        (
        )

[county] => Middlesex
    [cultivation_acres] => None
    [date_available_note] => 
    [deposit_amount] => Array
        (
            [0] => $0
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => At the top of Christian Hill, awaits commanding views of Lowell’s city skyline and an amazing opportunity for this Two-Family located in one of Lowell’s most desirable residential neighborhoods. Both units offering 2-3 Bedrooms and 1 full bath, large Kitchens (Unit 1 has cathedral ceilings), In-unit laundries, longstanding rental history, large yard with street frontage on both Vernon and Beacon Streets, off street parking for 4-6 cars and outdoor storage shed. Just two blocks from the LRTA bus-line, minutes to downtown Lowell, the MBTA Lowell Train Station, 495, Lowell Connector, Rte. 3, and the New Hampshire line.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
            [0] => $0
        )

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

[energy_features] => Array
        (
        )

[entry_level] => Array
        (
        )

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

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 2.0%%
    [fee_paid_by_tennant] => Contact Agent
    [financial_data_source] => Array
        (
            [0] => Owner
        )

[fireplaces] => Array
        (
            [0] => 0
        )

[first_month_required] => Array
        (
        )

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

[for_sale_by_owner] => No
    [foundation_area] => 
    [foundation_materials] => Array
        (
            [0] => Block,Stone,Irregular
        )

[frontage_length] => 
    [full_baths] => 2
    [garage_parking] => 
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
            [0] => $0
        )

[gross_income] => Array
        (
            [0] => $38,280
        )

[half_baths] => 0
    [handicap_access] => No
    [heating] => Yes
    [heating_expense] => Array
        (
            [0] => $0
        )

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

[horse_permitted] => No
    [hot_water] => Array
        (
        )

[id] => 342512
    [insurance_expense] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 07:16:12
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => 
    [levels_in_unit] => 1
    [living_area] => 2,796 Sq. Ft.
    [living_area_disclosure] => Array
        (
        )

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

[lot_features] => Array
        (
        )

[management_expense] => Array
        (
            [0] => $0
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[mls_area] => 
    [mls_id] => 73099800
    [neighborhoods] => Array
        (
        )

[net_income_calc] => 29867
    [net_operating_income] => Array
        (
            [0] => $38,280
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 2
    [office] => Array
        (
            [id] => AN4881
            [name] => Berkshire Hathaway HomeServices Commonwealth Real Estate
            [phone] => 781-942-2199
        )

[operating_expense] => Array
        (
            [0] => $2,790
        )

[optional_fee_includes] => Array
        (
        )

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

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

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
        )

[phone] => 617-216-3835
    [pool_features] => Array
        (
        )

[price] => $565,000
    [price_per_sqft] => 202.07
    [price_per_unit] => 282500
    [private_pool] => No
    [property_sub_type] => Array
        (
            [0] => Multi Family
        )

[real_estate_tax] => $5,623
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => Gas
            [1] => Water
            [2] => Unit 1(heat
            [3] => Hot Water)
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 11
    [senior_community] => No
    [sewer] => Array
        (
        )

[sewer_expense] => Array
        (
            [0] => $0
        )

[short_sale] => 
    [special_listing_conditions] => Array
        (
        )

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

[street_number] => 85
    [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] => 
    [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] => Array
        (
            [0] => Array
                (
                    [id] => B0661874
                    [name] => Sumi Sinnatamby
                    [phone] => 781-249-7889
                    [address] => 15 Fremont Street
                    [city] => Woburn
                    [state] => MA
                    [zip] => 01801
                    [office] => AN4881
                    [national_association] => 448500443
                )

)

[terms] => Array
        (
        )

[timber_acres] => None
    [title_5] => 
    [total_gross_expense] => 8413
    [total_gross_income] => 38280
    [total_parking] => 6
    [trash_expense] => Array
        (
            [0] => $0
        )

[uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 2
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
            [0] => 1495
        )

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

[unit_2_levels] => 2
    [unit_2_rent] => Array
        (
            [0] => 1695
        )

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

[unit_3_levels] => 
    [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] => Array
        (
            [0] => 85 Vernon St, Lowell MA 01850
        )

[utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
        )

[water_expense] => Array
        (
            [0] => $0
        )

[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => No
    [waterfront_features] => Array
        (
        )

[year_built] => 1930
    [year_built_details] => Actual
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01850
    [zoning] => TTF
    [zoning_details] => 
    [media] => Array
        (
            [0] => Array
                (
                    [id] => 7547458
                    [name] => MLS1.jpg
                    [type] => gallery
                    [category] => image
                    [url] => https://www.bostonrealestate.com/wp-content/uploads/WPL/342512/MLS1.jpg
                    [index] => 1
                    [enabled] => 1
                    [created] => 2024-05-07 07:16:15
                    [modified] => 2024-05-07 07:16:15
                )

[1] => Array
                (
                    [id] => 7548036
                    [name] => MLS2.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73099800&w=1024&h=768&n=2
                    [index] => 2
                    [enabled] => 1
                    [created] => 2024-05-07 07:16:25
                    [modified] => 2024-05-07 07:16:25
                )

[2] => Array
                (
                    [id] => 7548037
                    [name] => MLS3.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73099800&w=1024&h=768&n=3
                    [index] => 3
                    [enabled] => 1
                    [created] => 2024-05-07 07:16:25
                    [modified] => 2024-05-07 07:16:25
                )

[3] => Array
                (
                    [id] => 7548038
                    [name] => MLS4.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73099800&w=1024&h=768&n=4
                    [index] => 4
                    [enabled] => 1
                    [created] => 2024-05-07 07:16:25
                    [modified] => 2024-05-07 07:16:25
                )

[4] => Array
                (
                    [id] => 7548039
                    [name] => MLS5.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73099800&w=1024&h=768&n=5
                    [index] => 5
                    [enabled] => 1
                    [created] => 2024-05-07 07:16:25
                    [modified] => 2024-05-07 07:16:25
                )

[5] => Array
                (
                    [id] => 7548040
                    [name] => MLS6.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73099800&w=1024&h=768&n=6
                    [index] => 6
                    [enabled] => 1
                    [created] => 2024-05-07 07:16:25
                    [modified] => 2024-05-07 07:16:25
                )

[6] => Array
                (
                    [id] => 7548041
                    [name] => MLS7.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73099800&w=1024&h=768&n=7
                    [index] => 7
                    [enabled] => 1
                    [created] => 2024-05-07 07:16:25
                    [modified] => 2024-05-07 07:16:25
                )

)

)

EXIT