B
Seller's Agent in 2024
Brian Donoghue
Universal Property Management
103 Powell St Lowell, MA 01851
Lower Highlands Neighborhood
7
Beds
4
Baths
3,557
Sq Ft
4,792
Sq Ft Lot
Highlights
- Medical Services
- Property is near public transit and schools
- Shops
- Deck
- Enclosed Patio or Porch
- Coin Laundry
About This Home
As of September 2024Great opportunity for the buyer of this fully tenanted four-family in the Highlands. All four units currently occupied, two on leases and two are TAW, with a total monthly rent roll of $6990.00. All units are separately metered and tenants are responsible for payment of own electric, heat, hot water and cooking. Unit electric panels and hot water tanks are in the basement. Each unit has its own heating system(s). This is a well maintained property by an active owner, therefore no deferred maintenance. Three units are lead compliant w/certificates of deleading in hand. Location is on public transit and within a short distance of all area amenities. This is a solid property with a strong rental history and rents. Two long-term tenants of approx. 10 years.
Last Agent to Sell the Property
Brian Donoghue
Universal Property Management Listed on: 07/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,852
Year Built
- Built in 1900
Lot Details
- 4,792 Sq Ft Lot
- Level Lot
Home Design
- 3,557 Sq Ft Home
- Quadruplex
- Frame Construction
- Shingle Roof
- Rubber Roof
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Deck
- Enclosed Patio or Porch
Location
- Property is near public transit and schools
Schools
- Lowell Public Elementary And Middle School
- Lowell Public High School
Additional Features
- Unfinished Basement
Listing and Financial Details
- Total Actual Rent $6,990
- Assessor Parcel Number 3183861
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Building Details
- Insurance Expense $2,000
- Water Sewer Expense $2,400
- Operating Expense $4,400
- Net Operating Income $79,480
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/06/2024 09/06/24 | Sold | $850,000 | +3.0% | $239 / Sq Ft |
| 07/16/2024 07/16/24 | Pending | -- | -- | -- |
| 07/11/2024 07/11/24 | For Sale | $825,000 | -- | $232 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,902 | $601,200 | $118,400 | $482,800 |
| 2024 | $6,852 | $575,300 | $110,700 | $464,600 |
| 2023 | $6,965 | $560,800 | $96,200 | $464,600 |
| 2022 | $5,969 | $470,400 | $76,000 | $394,400 |
| 2021 | $5,568 | $413,700 | $66,100 | $347,600 |
| 2020 | $5,527 | $413,700 | $66,100 | $347,600 |
| 2019 | $4,595 | $327,300 | $62,900 | $264,400 |
| 2018 | $4,442 | $308,700 | $59,900 | $248,800 |
| 2017 | $4,036 | $270,500 | $58,100 | $212,400 |
| 2016 | $4,037 | $266,300 | $53,900 | $212,400 |
| 2015 | $3,224 | $208,300 | $53,900 | $154,400 |
| 2013 | $3,065 | $204,200 | $64,700 | $139,500 |
Source: Public Records
Agents Affiliated with this Home
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-
Hung Tran
H
Buyer's Agent in 2024
Hung Tran
Town Hall Realty, Inc.
(617) 959-7951
1 in this area
26 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73263545
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