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Closed

1449 Gorham Street, Lowell MA 01852

$499,900

Estimated $1,199.84/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $249,950

Total Rent: 11400/year

Estimated CAP Rate: 1.35%

5 Bedrooms

3 Full Baths

2,545 SqFt

Total Parking: 7

4,989 SqFt

Steps to the Chelmsford line, easy access to 495 and Rte 3. Both units are up/down, one unit sits at the front of the house and the rear unit sits in the back. The rear unit is in great condition with an open concept floor plan, a slider to the back and they have their own side off street parking. The front unit offers two kitchen areas, open concept from dining room to living room, the master bedroom is complete with a huge master bathroom, two vanities and a tub/shower combination. The front unit has a few areas that needs attention. With a little creativity, this could be a gorgeous home. Will not qualify for a VA/FHA.

This home has been viewed 23 times

Last Checked: May 7th, 2024 at 8:45am (Source: MLS PIN #73080811)

Gross Income: $11,400

Gross Expenses: $4,671

Net Income Calc: $6,729

CAP Rate: 1.35%

Annual Expenses for 1449 Gorham Street, Lowell MA 01852

Total Gross Expenses (Calculated)$4,671/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,671

Annual Income & Unit Breakdown for 1449 Gorham Street, Lowell MA 01852

Total Gross Income (Calculated)$11,400

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 2

Rental Income$950

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 1449 Gorham Street, Lowell MA 01852

Listing ID73080811

Property TypeMulti Family / 2 Family

Price$499,900 ($196.42/SqFt)

Style2 Family - 2 Units Side By Side

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,545 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking7

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone,Irregular

Accessible Features

Outdoor Space

Zoningres

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1449 Gorham Street, 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$0

Total Gross Income By Broker$11,400

Total Net Income By Broker$11,400

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 1449 Gorham Street, Lowell MA 01852

Real Estate Taxes$4,671

Tax Year2022

Assessed Value$368,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$11,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$11,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.35%

Location Information for 1449 Gorham Street, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Public Transportation, T-station, University, Sidewalks

Contact Information for 1449 Gorham Street, Lowell MA 01852

Agent

Name: Alcina Buckley

Office

Name: Premier Properties

Phone: 978-452-6300

Payment Calculator

, Interest

Property Taxes 389.25

Principal & Interest 3080.22

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Premier Properties

Alcina Buckley

Agent Phone

Office Phone

(978) 452-6300

Text Agent Call Agent Call Office

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EXIT