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56 North St, Lowell MA 01852

$514,999

Estimated $1,190.82/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $257,499.50

Total Rent: 16800/year

Estimated CAP Rate: 1.92%

5 Bedrooms

2 Full Baths

3,612 SqFt

Total Parking: 0

1,733 SqFt

Do not miss the opportunity to see this charming 2-family located on the corner of North Street and Lawrence Street with close proximity to the Lowell Connector and downtown Lowell. Unit #1 is currently rented with longstanding tenants. This unit has 2 bedrooms on the first level and a bonus room on the lower level. Unit #2 is vacant and ready to move in with 2 bedrooms and 2 bonus rooms on the third floor. Gas, electricity, and hot water are all separate systems and meters.

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 7:36am (Source: MLS PIN #73084808)

Gross Income: $16,800

Gross Expenses: $6,890

Net Income Calc: $9,910

CAP Rate: 1.92%

Annual Expenses for 56 North St, Lowell MA 01852

Total Gross Expenses (Calculated)$6,890/year

APOD AvailableNo

Heating

Electricity

Water$1,056

Gas$1,056

Insurance$1,315

Sewer$1,056

Trash Removal$250

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,269

Annual Income & Unit Breakdown for 56 North St, Lowell MA 01852

Total Gross Income (Calculated)$16,800

Unit 1

Rental Income$1,400

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 56 North St, Lowell MA 01852

Listing ID73084808

Property TypeMulti Family

Price$514,999 ($142.58/SqFt)

StyleMulti Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,612 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningTTF

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 56 North St, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$2,621

Total Gross Income By Broker$16,800

Total Net Income By Broker$16,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation1%%

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 56 North St, Lowell MA 01852

Real Estate Taxes$4,269

Tax Year2022

Assessed Value$336,400

Financial Data Source

Total Gross Expenses By Broker$2,621

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$16,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$16,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.92%

Location Information for 56 North St, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Laundromat, Public Transportation

Contact Information for 56 North St, Lowell MA 01852

Agent

Name: Jonathan Whitney

Office

Name: Jon Whitney

Phone: 978-533-1456

Team Members

Payment Calculator

, Interest

Property Taxes 355.75

Principal & Interest 3173.26

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Jon Whitney

Jonathan Whitney

Agent Phone

Office Phone

(978) 533-1456

Text Agent Call Agent Call Office

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EXIT