P
Seller's Agent in 2022
Patrick Hermans
J. Borstell Real Estate, Inc.
129 Shaw St Lowell, MA 01851
Lower Highlands Neighborhood
8
Beds
4
Baths
3,036
Sq Ft
2,400
Sq Ft Lot
Highlights
- Property is near public transit and schools
- Level Lot
- Carpet
About This Home
As of September 2022Great opportunity to invest in a well maintained and straight forward four family with great bones, very little owner expenses and four, 2-bedroom units. Two of the units have been fully updated, all four tenants are currently tenant at will, and the property is fully separately metered. With the property being conveniently located off of 110 and nearby public transportation, the units here will continue to have a high rental demand. This investment will be a solid cash flow producer from the start and has plenty of room to increase the returns through rent increases and unit updates. There is also the added bonus of a nice coin operated laundry set-up in the first floor common area for each of the units to use. Reach out to the listing agent for details on the first showing.
Last Agent to Sell the Property
Patrick Hermans
J. Borstell Real Estate, Inc. Listed on: 07/07/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,883
Year Built
- Built in 1940
Lot Details
- 2,400 Sq Ft Lot
- Level Lot
Parking
- Open Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,036 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Location
- Property is near public transit and schools
Utilities
- 4 Heating Zones
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $5,000
- Legal Lot and Block 129 / 5305
- Assessor Parcel Number 3183654
Community Details
Overview
- 4 Units
- Property has 1 Level
Building Details
- Net Operating Income $60,000
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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 |
|---|---|---|---|---|
| 09/29/2022 09/29/22 | Sold | $699,900 | 0.0% | $231 / Sq Ft |
| 08/03/2022 08/03/22 | Pending | -- | -- | -- |
| 07/07/2022 07/07/22 | For Sale | $699,900 | -- | $231 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $6,785 | $591,000 | $124,900 | $466,100 |
| 2024 | $6,686 | $561,400 | $112,400 | $449,000 |
| 2023 | $5,541 | $446,100 | $97,700 | $348,400 |
| 2022 | $4,883 | $384,800 | $88,800 | $296,000 |
| 2021 | $4,554 | $338,300 | $77,300 | $261,000 |
| 2020 | $4,389 | $328,500 | $67,500 | $261,000 |
| 2019 | $3,669 | $261,300 | $62,500 | $198,800 |
| 2018 | $3,118 | $244,000 | $56,900 | $187,100 |
| 2017 | $3,157 | $211,600 | $51,700 | $159,900 |
| 2016 | $3,309 | $218,300 | $49,200 | $169,100 |
| 2015 | $3,082 | $199,100 | $50,400 | $148,700 |
| 2013 | $2,918 | $194,400 | $60,300 | $134,100 |
Source: Public Records
Agents Affiliated with this Home
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-
Shane Scipione
S
Buyer's Agent in 2022
Shane Scipione
eXp Realty
(978) 270-6083
1 in this area
12 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73008905
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