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Closed

317 Nesmith, Lowell MA 01852

$799,900

Estimated $1,793.61/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $159,980

Total Rent: 59004/year

Estimated CAP Rate: 4.26%

5 Bedrooms

5 Full Baths

3,131 SqFt

Total Parking: 0

2,512 SqFt

Great opportunity to own a 5 fam in the Belvidere area. Property consists of four 3 room, 1 bedroom, 1 bath apts. and a 3-4 bedroom larger unit with 2 baths. Buy as an owner occupant, live there-use the rent to pay mort + use the rm on the 1st flr for extra storage, etc... Owner pays heat & hot water (FHW-Gas, multi-zones & two 40 gal gas hot water tanks). Coin op washer & dryer, walk to Shedd park and easy access to Route 495

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 7:26am (Source: MLS PIN #73111410)

Gross Income: $59,004

Gross Expenses: $24,959

Net Income Calc: $34,045

CAP Rate: 4.26%

Annual Expenses for 317 Nesmith, Lowell MA 01852

Total Gross Expenses (Calculated)$24,959/year

APOD AvailableYes

Heating

Electricity

Water$6,000

Gas$6,000

Insurance

Sewer$6,000

Trash Removal$2,000

Repair & Maintenance$2,000

Management$4,800

Miscellaneous

Real Estate Tax$5,959

Annual Income & Unit Breakdown for 317 Nesmith, Lowell MA 01852

Total Gross Income (Calculated)$59,004

Unit 1

Rental Income$1,367

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$750

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,400

Lease

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,400

Lease

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 317 Nesmith, Lowell MA 01852

Listing ID73111410

Property TypeMulti Family / 5+ Family

Price$799,900 ($255.48/SqFt)

Style5-9 Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,131 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking0

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningTMF

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 317 Nesmith, Lowell MA 01852

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$19,000

Total Gross Income By Broker$84,204

Total Net Income By Broker$65,204

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 317 Nesmith, Lowell MA 01852

Real Estate Taxes$5,959

Tax Year2022

Assessed Value$469,600

Financial Data Source

Total Gross Expenses By Broker$19,000

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$84,204

BostonRealEstate.com Gross Income

Total Net Income By Broker$65,204

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.26%

Location Information for 317 Nesmith, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic Transportation

Contact Information for 317 Nesmith, Lowell MA 01852

Agent

Name: Pratt Properties Team

Office

Name: Century 21 North East

Phone: 781-286-8900

Team Members

Name: Peggy Pratt

Phone: 617-438-5355

Payment Calculator

, Interest

Property Taxes 496.58

Principal & Interest 4928.73

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Pratt Properties Team

Agent Phone

Office Phone

(781) 286-8900

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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EXIT

Closed

317 Nesmith, Lowell MA 01852

$799,900

Annual Expenses for 317 Nesmith, Lowell MA 01852

Annual Income & Unit Breakdown for 317 Nesmith, Lowell MA 01852

General Information for 317 Nesmith, Lowell MA 01852

Disclosures for 317 Nesmith, Lowell MA 01852

Financial Information for 317 Nesmith, Lowell MA 01852

Location Information for 317 Nesmith, Lowell MA 01852

Contact Information for 317 Nesmith, Lowell MA 01852

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Century 21 North East

Pratt Properties Team