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Expired

237 Branch St, Lowell MA 01851

$1,399,900

Estimated $2,788.85/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $1,399,900

Total Rent: 0/year

Estimated CAP Rate: -0.44%

0 Bedrooms

Baths

5,528 SqFt

Total Parking: 10

7,739 SqFt

What we have here is an investors dream!! This unique opportunity presents a 9 unit, turn key building that includes 7 one bedroom units, 1 studio unit, and a high traffic barber shop on the 1st floor! Rough and projected estimates are included in the listing. The current rents are as follows: 1 bedroom rents- 4 units at $1,400, 1 unit at $1,200, 2 units at $1000, 1 studio unit at $1000 (TAW), and the barber shop pays $1,500/mo. All 7 one bedroom leases end in March of 2024, the barber shop has a 5 year lease and has been there for 7 years. The studio apt is tenant at will. Gross income is $130K and net income is approximately $95K. This is a great opportunity for an investor or 1031 exchange. It has off street parking for 10 cars, and is located conveniently to many different amenities. A group showing by appointment only will be held on Saturday 8/12 from 10 am -12:30pm. Please call the listing agent to make an appointment for Saturday between those hours or if you have any questions

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 7:22am (Source: MLS PIN #73146133)

Gross Income: $0

Gross Expenses: $6,227

Net Income Calc: $6,227

CAP Rate: -0.44%

Annual Expenses for 237 Branch St, Lowell MA 01851

Total Gross Expenses (Calculated)$6,227/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,227

Annual Income & Unit Breakdown for 237 Branch St, Lowell MA 01851

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 237 Branch St, Lowell MA 01851

Listing ID73146133

Property TypeMulti Family / 5+ Family

Price$1,399,900

Style

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total5,528 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking10

Garage Parking

Year Built1900

Year Built Source

Year Renovated

Year Built Details

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation Description

Accessible Features

Outdoor Space

ZoningTMU

Zoning DetailsLegal Conforming

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 237 Branch St, Lowell MA 01851

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$35,000

Total Gross Income By Broker$130,000

Total Net Income By Broker$95,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation1.0

Sub-Agent Compensation

Compensation Based On

Financial Information for 237 Branch St, Lowell MA 01851

Real Estate Taxes$6,227

Tax Year2023

Assessed Value

Financial Data Source

Total Gross Expenses By Broker$35,000

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$130,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$95,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.44%

Location Information for 237 Branch St, Lowell MA 01851

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 237 Branch St, Lowell MA 01851

Agent

Name: Mike Pettoruto

Office

Name: William Raveis R.E. & Home Services

Phone: 978-475-5100

Payment Calculator

, Interest

Property Taxes 518.92

Principal & Interest 8625.74

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis R.E. & Home Services

Mike Pettoruto

Agent Phone

Office Phone

(978) 475-5100

Text Agent Call Agent Call Office

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                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 07:22:27
                    [modified] => 2024-05-07 07:22:27
                )

[22] => Array
                (
                    [id] => 7563534
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73146133&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 07:22:27
                    [modified] => 2024-05-07 07:22:27
                )

[23] => Array
                (
                    [id] => 7563535
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73146133&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 07:22:27
                    [modified] => 2024-05-07 07:22:27
                )

)

)

EXIT