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24 Whitehead Avenue, Lowell MA 01852

$1,299,000

Estimated $2,913.90/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $324,750

Total Rent: 90600/year

Estimated CAP Rate: 5.30%

10 Bedrooms

4 Full Baths

4,972 SqFt

Total Parking: 12

13,504 SqFt

Incredible investment opportunity with this historic, stunning, updated, 4-family home. Situated on a side street in the Belvidere neighborhood, the property offers effortless access to highways, transportation, shopping, dining & more. This 4,972 SF home boasts large rooms, impressive hardwood floors, intricate woodwork, ornate moldings and built-ins, 10 bedrooms, 4 baths, 3 fireplaces, in-unit laundries, and ample parking. Unit 1 and Unit 2 have 2 bedrooms, and Unit 3 and Unit 4 each have 3 bedrooms. The 2,429 SF multi-room basement is fascinating, with architectural brick arches and massive storage. The current rent is significantly low due to the relationship with tenants. Anticipated income is $130,000 +, annually. All units have month-to-month leases. Don't miss this unique opportunity to purchase a part of history.

This home has been viewed 49 times

Last Checked: November 24th, 2024 at 5:19am (Source: MLS PIN #73285613)

Gross Income: $90,600

Gross Expenses: $21,723

Net Income Calc: $68,877

CAP Rate: 5.30%

Annual Expenses for 24 Whitehead Avenue, Lowell MA 01852

Total Gross Expenses (Calculated)$21,723/year

APOD AvailableYes

Heating

Electricity$180

Water$3,170

Gas$3,170

Insurance$3,682

Sewer$3,170

Trash Removal

Repair & Maintenance$5,000

Management

Miscellaneous

Real Estate Tax$9,691

Annual Income & Unit Breakdown for 24 Whitehead Avenue, Lowell MA 01852

Total Gross Income (Calculated)$90,600

Unit 1

Rental Income$1,600

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 2

Rental Income$1,700

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$2,000

Lease

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$2,250

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 24 Whitehead Avenue, Lowell MA 01852

Listing ID73285613

Property TypeMulti Family / 4 Family

Price$1,299,000 ($261.26/SqFt)

Style4 Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,972 SqFt

Approximate Lot Size (Acres)0.31 acres

Total Parking12

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningSSF

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesWaterfront

Energy Features

Terms

Disclosures for 24 Whitehead Avenue, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureBuyer to do due diligence. Property information fr

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner, Accountant

Total Gross Expenses By Broker$12,032

Total Gross Income By Broker$90,600

Total Net Income By Broker$90,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 24 Whitehead Avenue, Lowell MA 01852

Real Estate Taxes$9,691

Tax Year2024

Assessed Value$813,700

Financial Data SourceOwner, Accountant

Total Gross Expenses By Broker$12,032

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$90,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$90,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.30%

Location Information for 24 Whitehead Avenue, Lowell MA 01852

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, Public Transportation, Private School

Contact Information for 24 Whitehead Avenue, Lowell MA 01852

Agent

Name: Jack Andrellos

Office

Name: Berkshire Hathaway HomeServices Commonwealth Real Estate

Phone: 781-729-7777

Team Members

Payment Calculator

, Interest

Property Taxes 807.58

Principal & Interest 8004.02

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Jack Andrellos

Agent Phone

Office Phone

(781) 729-7777

Text Agent Call Agent Call Office

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EXIT

Withdrawn

24 Whitehead Avenue, Lowell MA 01852

$1,299,000

Annual Expenses for 24 Whitehead Avenue, Lowell MA 01852

Annual Income & Unit Breakdown for 24 Whitehead Avenue, Lowell MA 01852

General Information for 24 Whitehead Avenue, Lowell MA 01852

Disclosures for 24 Whitehead Avenue, Lowell MA 01852

Financial Information for 24 Whitehead Avenue, Lowell MA 01852

Location Information for 24 Whitehead Avenue, Lowell MA 01852

Contact Information for 24 Whitehead Avenue, Lowell MA 01852

Agent

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Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Jack Andrellos