Seller's Agent in 2024
Mei Zhou
Coldwell Banker Realty - Andovers/Readings Regional
(978) 413-6688
5 in this area
80 Total Sales
110 Branch St Lowell, MA 01851
Lower Highlands Neighborhood
7
Beds
3
Baths
2,572
Sq Ft
229.57
Acres
Highlights
- Medical Services
- Open Floorplan
- Wood Flooring
- City View
- Property is near public transit
- 4-minute walk to Roberto Clemente Park
About This Home
As of May 2024Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93 per month(U10: $249.01, U11: $489.92). Both units are on the top-floor and next to each other. Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for exteriors, water/sewer, snow & trash removal and master insurance, etc). With this high rental demand, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings. Don't forget to see the Lowell Housing Fair market rent rates.
Last Agent to Sell the Property
Coldwell Banker Realty - Andovers/Readings Regional Listed on: 04/10/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,133
Year Built
- Built in 1895
Lot Details
- Corner Lot
- Level Lot
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 2,572 Sq Ft Home
- Open Floorplan
- Combination Dining and Living Room
- Storage
- City Views
Kitchen
- Range
- Microwave
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
- Bathtub
Parking
- 2 Car Parking Spaces
- On-Street Parking
- Open Parking
- Off-Street Parking
- Deeded Parking
Outdoor Features
- Covered Patio or Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Window Unit Cooling System
- 2 Heating Zones
- Heating System Uses Natural Gas
- Baseboard Heating
- 110 Volts
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number 4575231
Community Details
Overview
- 2 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/15/2024 05/15/24 | Sold | $530,000 | +0.2% | $206 / Sq Ft | |
| 04/16/2024 04/16/24 | Pending | -- | -- | -- | |
| 04/10/2024 04/10/24 | For Sale | $529,000 | +55.6% | $206 / Sq Ft | |
| 12/31/2021 12/31/21 | Sold | $340,000 | -20.9% | $132 / Sq Ft | View Prior Sale |
| 11/29/2021 11/29/21 | Pending | -- | -- | -- | |
| 10/23/2021 10/23/21 | For Sale | $429,900 | +89.4% | $167 / Sq Ft | |
| 08/31/2020 08/31/20 | Sold | $227,000 | -12.7% | $136 / Sq Ft | View Prior Sale |
| 08/06/2020 08/06/20 | Pending | -- | -- | -- | |
| 07/30/2020 07/30/20 | For Sale | $259,900 | 0.0% | $156 / Sq Ft | |
| 06/06/2020 06/06/20 | Pending | -- | -- | -- | |
| 05/26/2020 05/26/20 | For Sale | $259,900 | -- | $156 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Mei Zhou
-
Tyler Scaglione
Buyer's Agent in 2024
Tyler Scaglione
Cameron Prestige, LLC
(781) 412-1980
3 in this area
515 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73222337
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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 its 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.
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