NOT LISTED FOR SALE
17 Beds
7 Baths
4,284 Sq Ft
7,405 Sq Ft Lot

Last Sold May 27, 2022

Last sale price $1,115,000 $260 Per Sq Ft

67 Days on Market

Highlights

  • Medical Services
  • Park
  • Level Lot
  • Property is near public transit
  • Shops

About This Home

As of May 2022

Quality 7 unit investment property w/room for further upside movement on the rents. 5 x three bedroom apartments, 1 x one bedroom apartment and 1 x studio. Two buildings on one lot, with a five unit in the front and a 2 unit at the back of the property. All units are currently leased with a total monthly rent of $10,475.00; rent roll attached to listing. All units are separately metered and tenants are responsible for payment of own electric, heat, hot water and cooking. Well maintained property by active owner, therefore no deferred maintenance. All units are lead compliant w/certificates of deleading compliance in hand. Location is on public transit and within a short distance of all area amenities. Reap the rewards and upside potential w/this strong cash flowing property.

Last Agent to Sell the Property

Brian Donoghue

Universal Property Management Listed on: 01/07/2022

Last Buyer's Agent

Jonathan Delarosa

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,104

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot
  • Irregular Lot

Home Design

  • Rubber Roof

Interior Spaces

  • 4,284 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 7 Full Bathrooms

Parking

  • 5 Car Parking Spaces
  • Common or Shared Parking
  • Driveway
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Lowell Public Elementary And Middle School
  • Lowell Public High School

Utilities

  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $10,475
  • Assessor Parcel Number 3188964

Community Details

Overview

  • 7 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park

Building Details

  • Electric Expense $144
  • Insurance Expense $2,595
  • Water Sewer Expense $3,852
  • Operating Expense $6,591
  • Net Operating Income $79,509

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,104

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Unknown/Mixed
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 7

Interior Features

  • Flooring: Varies Per Unit
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Electric Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer
  • Total Bedrooms: 17
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Total Bathrooms: 7
  • Laundry Features: Washer Hookup
  • Basement: Full
  • Living Area: 4284
  • Stories Total: 7
  • MAIN LO: D95031
  • LIST PRICE PER Sq Ft: 291.78
  • PRICE PER Sq Ft: 260.27
  • MAIN SO: G95022

Exterior Features

  • Foundation Details: Irregular
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, On Street, Common, Driveway
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Gas Dryer, for Electric Dryer, Washer Hookup
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, University

Fee Information

  • Water Sewer Expenses: 3852

Lot Info

  • Parcel Number: 3188964
  • Zoning: TSF
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7405.2
  • Lot Size Units: Acres
  • LOT SIZE: 7422
  • PAGE: 181

Green Features

  • Green Energy Efficient: Varies per Unit

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8104
  • Tax Book Number: 16660

Multi Family

  • Electric Expense: 144
  • Gross Income: 10475
  • Insurance Expense: 2595
  • Net Operating Income: 79509
  • Number Of Units Total: 7
  • Operating Expense: 6591
  • Total Actual Rent: 10475
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 1
  • FLRS 2: 1

MLS Schools

  • High School: Lowell Public
  • Elementary School: Lowell Public
  • Middle Or Junior School: Lowell Public

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $1,115,000 -14.2% $260 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $1,300,000 -- $303 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72932030

MLS Property Information Network (MLS PIN)

APN: LOWE M:000174 T:C03300