Jon Crandall - LAER Realty Partners

173 Branch St, Lowell, MA 01851

Multi-Family

$1,200,000
Price

8
Units
4,087
Approx. GLA
Cash Cow! Rare 8 unit building that usually runs at full occupancy. All units come equipped with refrigerator and stove, private bath and plenty of parking. Off street parking for 20 vehicles comfortably accommodates the tenants and guests. Owner pays for heat and water. Tenants pay electric. Proforma revenue of $79800 and net annual income of almost $50,000. Great investment opportunity!
Open House
No scheduled Open Houses
Highlights
List Price: $1,200,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Active
Beds: 8
Baths: 8
Units: 8
Year Built: 1900
Approx. GLA: 4,087
MLS#: 72839249
 
 
Interior
Basement: Yes
Electricity Cost: $1,200
Rooms: 12
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.38
Lot Size: 16,378.00
Lot Description: Level
Foundation: Fieldstone
Parking Spaces: 20
Parking Features: Off-Street
Road Type: Public
Color: beige
Roof Material: Slate
Exterior: Vinyl
Exterior Features: Porch
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $625,200
Taxes: $8,415
Tax Year: 2021
Book/Page: 6290/47
Beach
Beach: No
Expenses
Gross Income: $79,800
Gross Expenses: $30,000
Total Rent: $9,975
Net Income: $49,800
Gas Cost: $5,000
Insurance Cost: $3,600
Refuse Cost: $5,000
R&M Cost: $4,000
Water Cost: $3,000
Additional
Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat
Disclosure Declaration: No
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 1 0 0 0 0 0 No 1 $850
Unit 2 2 1 0 0 1 0 No 1 $900
Unit 3 2 1 0 1 0 No 1 $850
Unit 4 1 0 0
Units Extras
Unit 1
Rent Includes:  Heat, Electric, Gas, Water, Hot Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Gas 
Unit 2
Rent Includes:  Heat, Electric, Gas, Water, Hot Water  Applicances:  Range, Refrigerator 
Unit 3
Rent Includes:  Heat, Electric, Gas, Water, Hot Water  Applicances:  Range, Refrigerator 
Unit 4
Rent Includes:  Heat, Electric, Gas, Water, Hot Water  Applicances:  Range, Refrigerator 
The listing office is LAER Realty Partners and the listing agent is Paul Brouillette. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.