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Closed

189 University Ave, Lowell MA 01854

$825,000

Estimated $2,003.56/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $275,000

Total Rent: 74400/year

Estimated CAP Rate: 8.05%

10 Bedrooms

4 Full Baths

4,035 SqFt

Total Parking: 3

3,800 SqFt

Location! Location! A great opportunity to own this well-maintained large 3-family home within minutes' walk from UMASS Lowell. The first unit features 4 bedrooms, a bathroom, a living room, and a kitchen; the second unit features 4 bedrooms, 2 updated bathrooms, an updated kitchen, a living room, and a kitchen. The third unit offers two bedrooms, a bathroom, a living room, and a kitchen. All three units are equipped with gas heating systems and electric circuit breakers. Full-size basement with plenty of storage space, a fenced back yard, and three tandem off-street parking spaces. Easy to commute, this is a great investment property. It won't last.

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 12:26pm (Source: MLS PIN #73138877)

Gross Income: $74,400

Gross Expenses: $7,990

Net Income Calc: $66,410

CAP Rate: 8.05%

Annual Expenses for 189 University Ave, Lowell MA 01854

Total Gross Expenses (Calculated)$7,990/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,990

Annual Income & Unit Breakdown for 189 University Ave, Lowell MA 01854

Total Gross Income (Calculated)$74,400

Unit 1

Rental Income$2,000

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$2,500

LeaseY

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$1,700

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 189 University Ave, Lowell MA 01854

Listing ID73138877

Property TypeMulti Family / 3 Family

Price$825,000 ($204.46/SqFt)

Style3 Family - 3 Units Up/down

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,035 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking3

Garage Parking

Year Built1909

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningTMU

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 189 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$74,400

Total Net Income By Broker$74,400

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 189 University Ave, Lowell MA 01854

Real Estate Taxes$7,990

Tax Year2023

Assessed Value$643,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$74,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$74,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.05%

Location Information for 189 University Ave, Lowell MA 01854

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Tennis Court(s), University

Contact Information for 189 University Ave, Lowell MA 01854

Agent

Name: Manoel Neto

Office

Name: LAER Realty Partners

Phone: 781-803-6051

Payment Calculator

, Interest

Property Taxes 665.83

Principal & Interest 5083.39

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

Manoel Neto

Agent Phone

Office Phone

(781) 803-6051

Text Agent Call Agent Call Office

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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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[uffi] => Array
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[year_built] => 1909
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EXIT

Closed

189 University Ave, Lowell MA 01854

$825,000

Annual Expenses for 189 University Ave, Lowell MA 01854

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Financial Information for 189 University Ave, Lowell MA 01854

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Exclusive Listing Agent

LAER Realty Partners

Manoel Neto