NOT LISTED FOR SALE

15 Austin St Lowell, MA 01854

Acre Neighborhood
10 Beds
8 Baths
5,581 Sq Ft
4,861 Sq Ft Lot

Last Sold August 22, 2023

Last sale price $1,245,000 $223 Per Sq Ft

58 Days on Market

Highlights

  • Granite Flooring
  • Corner Lot
  • Heating Available
  • Property is near public transit

About This Home

As of August 2023

Great opportunity to purchase a large income producing 8 unit in the heart of Lowell. Located on a side street just steps away from UML's east campus/Tsongas Center and multiple options for nearby public transportation. This property is comprised of seven 1 bed units with coin-op laundry and one 3 bed townhouse style unit with in-unit laundry. Other features include 2 off-street parking space, potential to raise rents and generate more cashflow. Impeccable location, low expenses and great ROI will make this a perfect addition to any investor's portfolio.

Last Agent to Sell the Property

Jack Mantville

J. Borstell Real Estate, Inc. Listed on: 05/02/2023

Co-Listed By

Patrick Hermans

J. Borstell Real Estate, Inc.

Last Buyer's Agent

Jack Mantville

J. Borstell Real Estate, Inc. Listed on: 05/02/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,661

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 4,861 Sq Ft Lot
  • Corner Lot

Home Design

  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,581 Sq Ft Home
  • Unfinished Basement
  • Block Basement Construction
  • Washer

Flooring

  • Wood
  • Laminate
  • Granite
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating Available

Listing and Financial Details

  • Total Actual Rent $11,175
  • Rent includes unit 1(heat gas), unit 2(heat gas hot water), unit 3(heat gas hot water), unit 4(heat gas hot water)
  • Assessor Parcel Number M:137 B:300 L:15,3185145

Community Details

Overview

  • 8 Units
  • Property has 2 Levels

Building Details

  • Electric Expense $1,500
  • Insurance Expense $4,800
  • Water Sewer Expense $3,000
  • Operating Expense $17,800
  • Net Operating Income $116,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,661

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Property Condition: Unit 1 Remodeled
  • Year Built: 1900
  • Buyer Agency: 2.0
  • Transaction Broker: 1.0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 7

Interior Features

  • Flooring: Wood,Tile,Vinyl,Laminate, Unit 1(undefined), Unit 2(Tile Floor), Unit 3(Tile Floor,Hardwood Floors), Unit 4(Tile Floor)
  • Interior Amenities: Unit 1(Ceiling Fans,Bathroom with Shower Stall), Unit 2(Ceiling Fans,Bathroom With Tub), Unit 3(Ceiling Fans,Bathroom With Tub), Unit 4(Ceiling Fans,Bathroom With Tub), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Living Room,Dining Room,Kitchen), Unit 4 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator)
  • Total Bedrooms: 10
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Total Bathrooms: 8
  • Basement: Concrete, Unfinished
  • Living Area: 5581
  • Spa YN: No
  • Stories Total: 7
  • MAIN LO: G80038
  • LIST PRICE PER Sq Ft: 232.93
  • PRICE PER Sq Ft: 223.08
  • MAIN SO: G80038

Exterior Features

  • Foundation Details: Concrete Perimeter, Granite
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard), Unit 3(Hot Water Baseboard), Unit 4(Hot Water Baseboard)
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Highway Access, T-Station, University
  • Rent Includes: Unit 1(Heat,Gas), Unit 2(Heat,Gas,Hot Water), Unit 3(Heat,Gas,Hot Water), Unit 4(Heat,Gas,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3000

Lot Info

  • Parcel Number: M:137 B:300 L:15,3185145
  • Zoning: UMU
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4861
  • Lot Size Units: Acres
  • PAGE: 202
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7661
  • Tax Book Number: 37096

Multi Family

  • Electric Expense: 1500
  • Gross Income: 134100
  • Insurance Expense: 4800
  • Net Operating Income: 116300
  • Number Of Units Total: 8
  • Operating Expense: 17800
  • Total Actual Rent: 11175
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • 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

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
08/22/2023 08/22/23 Sold $1,245,000 -4.2% $223 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
05/25/2023 05/25/23 Price Changed $1,299,999 -3.6% $233 / Sq Ft
05/20/2023 05/20/23 For Sale $1,349,000 0.0% $242 / Sq Ft
05/10/2023 05/10/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $1,349,000 -- $242 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jack Mantville

    Seller's Agent in 2023

    Jack Mantville

    J. Borstell Real Estate, Inc.

    (978) 490-0212

    2 in this area

    21 Total Sales

    Section Image
  • Patrick Hermans

    Seller Co-Listing Agent in 2023

    Patrick Hermans

    J. Borstell Real Estate, Inc.

    (978) 580-7157

    1 in this area

    52 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73106035

MLS Property Information Network (MLS PIN)

APN: LOWE M:137 B:300 L:15

Massachusetts Middlesex County Lowell 01854 Acre

15 Austin St, Lowell, MA

This home is located at 15 Austin St, Lowell, MA 01854 since 02 May 2023. This property was built in 1900. 15 Austin St is a home located in Middlesex County with nearby schools including Charlotte M Murkland Elementary School, Joseph McAvinnue Elementary School, and Moody Elementary School.

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MLS Property Information Network (MLS PIN) 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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