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397-399 Chelmsford St, Lowell MA 01851

$599,900

Estimated $1,586.98/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $199,966.67

Total Rent: 51000/year

Estimated CAP Rate: 7.27%

9 Bedrooms

3 Full Baths

3,711 SqFt

Total Parking: 0

3,541 SqFt

Great investment opportunity. This large up and down 3 family has separate utilities for each unit. All units are 6 rooms, 3 bedrooms and 1 bathroom. Close to public transportation, highway access, dining, shopping, hospitals, schools, University, house of worship and night life. All 3 units are occupied.

This home has been viewed 63 times

Last Checked: January 5th, 2025 at 5:18am (Source: MLS PIN #73300333)

Gross Income: $51,000

Gross Expenses: $7,371

Net Income Calc: $43,629

CAP Rate: 7.27%

Annual Expenses for 397-399 Chelmsford St, Lowell MA 01851

Total Gross Expenses (Calculated)$7,371/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,371

Annual Income & Unit Breakdown for 397-399 Chelmsford St, Lowell MA 01851

Total Gross Income (Calculated)$51,000

Unit 1

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,250

LeaseN

Bedrooms3

Bathrooms3 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 397-399 Chelmsford St, Lowell MA 01851

Listing ID73300333

Property TypeMulti Family / 3 Family

Price$599,900 ($161.65/SqFt)

Style3 Family - 3 Units Up/down

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,711 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningUSF

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 397-399 Chelmsford St, Lowell MA 01851

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$51,000

Total Net Income By Broker$51,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 397-399 Chelmsford St, Lowell MA 01851

Real Estate Taxes$7,371

Tax Year2024

Assessed Value$618,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$51,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$51,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.27%

Location Information for 397-399 Chelmsford St, Lowell MA 01851

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 397-399 Chelmsford St, Lowell MA 01851

Agent

Name: Jason Newbury

Office

Name: LAER Realty Partners

Phone: 978-957-1700

Payment Calculator

, Interest

Property Taxes 614.25

Principal & Interest 3696.39

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

Jason Newbury

Agent Phone

Office Phone

(978) 957-1700

Text Agent Call Agent Call Office

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            [phone] => 978-957-1700
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[owner_occupancy_source] => 
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[pasture_area] => None
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        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
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        (
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
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[roof_material] => Array
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[rooms] => 18
    [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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    [tag_waterview] => 
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[terms] => Array
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[unit_4_bathrooms] => 
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        )

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[water] => Array
        (
        )

[water_expense] => Array
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[water_views] => Array
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[water_views_features] => Array
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[waterfront] => No
    [waterfront_features] => Array
        (
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[year_built] => 1900
    [year_built_details] => Approximate
    [year_built_source] => Public Records
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    [zoning] => USF
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EXIT

Withdrawn

397-399 Chelmsford St, Lowell MA 01851

$599,900

Annual Expenses for 397-399 Chelmsford St, Lowell MA 01851

Annual Income & Unit Breakdown for 397-399 Chelmsford St, Lowell MA 01851

General Information for 397-399 Chelmsford St, Lowell MA 01851

Disclosures for 397-399 Chelmsford St, Lowell MA 01851

Financial Information for 397-399 Chelmsford St, Lowell MA 01851

Location Information for 397-399 Chelmsford St, Lowell MA 01851

Contact Information for 397-399 Chelmsford St, Lowell MA 01851

Agent

Office

Payment Calculator

Exclusive Listing Agent

LAER Realty Partners

Jason Newbury