NOT LISTED FOR SALE

173 Branch St Lowell, MA 01851

Lower Highlands Neighborhood
8 Beds
8 Baths
4,087 Sq Ft
0.38 Acres

Last Sold January 28, 2022

Last sale price $750,000 $184 Per Sq Ft

105 Days on Market

About This Home

As of January 2022

Cash Cow! Rare 8 unit building that usually runs at full occupancy. All units come equipped with refrigerator and stove, private bath and plenty of parking. Off street parking for 20 vehicles comfortably accommodates the tenants and guests. . Proforma revenue of $79800 and net annual income of almost $50,000. Great investment opportunity!

Last Agent to Sell the Property

Paul Brouillette

LAER Realty Partners Listed on: 05/28/2021

LAER Realty Partners

Last Buyer's Agent

Reliable Results Realty

Coldwell Banker Realty - Westford

Coldwell Banker Realty - Westford

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 0.38

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: GPS
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator)
  • Total Bathrooms: 8
  • MAIN LO: AN1199
  • LIST PRICE PER Sq Ft: 189.63
  • PRICE PER Sq Ft: 183.51
  • MAIN SO: AN6181
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Fireplace: No
  • Stories: 3

Exterior Features

  • Roof: Slate
  • Foundation Details: Stone
  • Lot Features: Level
  • Patio And Porch Features: Porch
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 20

Utilities

  • Cooling: Unit 1(None)
  • Heating: Unit 1(Gas)
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat
  • HOA Rent Includes: Unit 1(Heat,Electric,Gas,Water,Hot Water), Unit 2(Heat,Electric,Gas,Water,Hot Water), Unit 3(Heat,Electric,Gas,Water,Hot Water), Unit 4(Heat,Electric,Gas,Water,Hot Water)

Fee Information

  • Annual Water Sewer Expense: 3000

Lot Info

  • LOT SIZE: 16378
  • PAGE: 47
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 16552.8
  • Zoning: M2001

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • Electric Expense: 1200
  • Annual Gross Income: 79800
  • Insurance Expense: 3600
  • Property Net Operating Income: 49800
  • Number Of Units Total: 8
  • Annual Operating Expense: 30000
  • Total Actual Rent: 9975

Tax Info

  • Tax Annual Amount: 8415
  • Tax Book Number: 6290
  • Tax Year: 2021

Range of Values:

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Sold Price
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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
01/28/2022 01/28/22 Sold $750,000 -6.2% $184 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
08/04/2021 08/04/21 Price Changed $799,900 -11.1% $196 / Sq Ft
07/27/2021 07/27/21 Price Changed $899,900 -7.7% $220 / Sq Ft
07/08/2021 07/08/21 Price Changed $975,000 -11.4% $239 / Sq Ft
06/30/2021 06/30/21 Price Changed $1,100,000 -8.3% $269 / Sq Ft
06/07/2021 06/07/21 Price Changed $1,200,000 -7.7% $294 / Sq Ft
05/28/2021 05/28/21 For Sale $1,300,000 -- $318 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul Brouillette

    Seller's Agent in 2022

    Paul Brouillette

    Laer Realty

    (978) 852-3001

    11 in this area

    163 Total Sales

    Section Image
  • Reliable Results Realty

    Buyer's Agent in 2022

    Reliable Results Realty

    Coldwell Banker Realty - Westford

    (978) 496-8695

    3 in this area

    275 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72839249

MLS Property Information Network (MLS PIN)

Massachusetts Middlesex County Lowell 01851 Lower Highlands

173 Branch St, Lowell, MA

This home is located at 173 Branch St, Lowell, MA 01851 since 28 May 2021. This property was built in 1900. 173 Branch St is a home located in Middlesex County with nearby schools including Charles W. Morey Elementary School, Abraham Lincoln Elementary School, and Charlotte M Murkland Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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