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Expired

308 University Ave, Lowell MA 01854

$619,800

Estimated $1,519.50/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $206,600

Total Rent: 48600/year

Estimated CAP Rate: 6.85%

6 Bedrooms

3 Full Baths

2,568 SqFt

Total Parking: 6 (2 Garage)

3,929 SqFt

Spacious three family in Pawtuckville, only blocks away from UMASS Lowell. One 3 bedroom, one 2 bedroom, and one 1 bedroom apartments, with potential to expand in to the large walk up attic. Hardwood floors throughout, granite front steps, basement laundry, 2 car garage and off street parking make this property very attractive. Efficient gas heating systems. Electric and gas are all separately metered. Two units had full deleading compliance letters in 2017. All units are occupied, and some pictures were taken before tenants moved in.

This home has been viewed 49 times

Last Checked: May 7th, 2024 at 8:36am (Source: MLS PIN #73073264)

Gross Income: $48,600

Gross Expenses: $6,174

Net Income Calc: $42,426

CAP Rate: 6.85%

Annual Expenses for 308 University Ave, Lowell MA 01854

Total Gross Expenses (Calculated)$6,174/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,174

Annual Income & Unit Breakdown for 308 University Ave, Lowell MA 01854

Total Gross Income (Calculated)$48,600

Unit 1

Rental Income$1,700

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,250

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,100

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 308 University Ave, Lowell MA 01854

Listing ID73073264

Property TypeMulti Family / 3 Family

Price$619,800 ($241.36/SqFt)

Style3 Family

CityLowell

CountyMiddlesex

MLS AreaPawtucketville

Neighborhood(s)

Approximate Living Area Total2,568 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1914

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningTTF

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 308 University 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$48,600

Total Net Income By Broker$48,600

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 308 University Ave, Lowell MA 01854

Real Estate Taxes$6,174

Tax Year2022

Assessed Value$486,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$48,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$48,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.85%

Location Information for 308 University Ave, Lowell MA 01854

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaPawtucketville

Area Amenities

Contact Information for 308 University Ave, Lowell MA 01854

Agent

Name: Zhenrong Jin

Office

Name: Cypress Realty, LLC

Phone: 339-970-9858

Team Members

Payment Calculator

, Interest

Property Taxes 514.5

Principal & Interest 3819.01

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cypress Realty, LLC

Zhenrong Jin

Agent Phone

Office Phone

(339) 970-9858

Text Agent Call Agent Call Office

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            [phone] => 339-970-9858
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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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[road_frontage_type] => Array
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    [senior_community] => No
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[sewer_expense] => Array
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[short_sale] => 
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    [state_code] => MA
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[terms] => Array
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[uffi] => Array
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[utilities] => Array
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[water] => Array
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[water_expense] => Array
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[water_views] => Array
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[water_views_features] => Array
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    [zoning] => TTF
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EXIT

Expired

308 University Ave, Lowell MA 01854

$619,800

Annual Expenses for 308 University Ave, Lowell MA 01854

Annual Income & Unit Breakdown for 308 University Ave, Lowell MA 01854

General Information for 308 University Ave, Lowell MA 01854

Disclosures for 308 University Ave, Lowell MA 01854

Financial Information for 308 University Ave, Lowell MA 01854

Location Information for 308 University Ave, Lowell MA 01854

Contact Information for 308 University Ave, Lowell MA 01854

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Cypress Realty, LLC

Zhenrong Jin