NOT LISTED FOR SALE

Estimated Value: $881,000 - $962,902

12 Beds
3 Baths
4,536 Sq Ft
$205/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $900,000 $198 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,590/month

19 Days on Market

Highlights

  • Medical Services
  • Shops
  • Level Lot
  • Property is near public transit and schools
  • Coin Laundry

About This Home

As of October 2024

Great opportunity for the buyer of this fully tenanted triple-decker in the Highlands. All three units currently occupied, all voucher recipients, with a total monthly rent roll of $7530.00. All units are separately metered and tenants are responsible for payment of own electric, heat, hot water and cooking. Unit electric panels are in each apartment and hot water tanks are in the basement. Each unit has its own heating system, one in the basement, one in-unit and one in the back hall. This is a well maintained property by an active owner, therefore no deferred maintenance. All three units are lead compliant, with certificates in hand. Location is on public transit and within a short distance of all area amenities. Both the bus depot and train station are a short distance away, and the Lowell Connector, RT-3, I-495 and RT-38 are all within a quick drive. This is a solid property with a strong rental history and rents.

Last Agent to Sell the Property

Brian Donoghue

Universal Property Management Listed on: 09/05/2024

Last Buyer's Agent

Sereyvoathana Ouk

Lamacchia Realty, Inc.

Lamacchia Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,509

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

  • 4,536 Sq Ft Home
  • Frame Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit and schools

Schools

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

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $7,530
  • Assessor Parcel Number 3183329

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Building Details

  • Electric Expense $192
  • Insurance Expense $1,996
  • Operating Expense $1,996
  • Net Operating Income $90,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,509

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Renovated Since,Unknown/Mixed
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Varies
  • Fireplace YN: No
  • Total Bedrooms: 12
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Unfinished
  • Living Area: 4536
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: D95031
  • MAIN SO: AN2314

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Driveway, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: Varies per Unit
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: 3183329
  • Zoning: TMU
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4792
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8509

Multi Family

  • Electric Expense: 192
  • Insurance Expense: 1996
  • Net Operating Income: 90360
  • Number Of Units Total: 3
  • Operating Expense: 1996
  • Total Actual Rent: 7530
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2023
Sold by
Mcguire Judith A
Bought by
C Mcguire Int M
Current Estimated Value
$930,226

Purchase Details

Closed on
Mar 14, 2003
Sold by
Mcguire Michael C
Bought by
Mcguire Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 1997
Sold by
Chateauneuf Jacqueline
Bought by
Mcguire Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
C Mcguire Int M -- None Available
Int M C Mcguire -- None Available
Mcguire Judith A -- --
Mcguire Judith A -- --
Mcguire Judith A -- --
Mcguire Michael C $57,000 --
Mcguire Michael C $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcguire Judith A $79,000
Previous Owner Mcguire Michael C $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $900,000 -2.7% $198 / Sq Ft
09/24/2024 09/24/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $925,000 -- $204 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $8,989 $783,000 $149,200 $633,800
2024 $8,509 $714,400 $134,300 $580,100
2023 $8,339 $671,400 $116,800 $554,600
2022 $7,740 $609,900 $106,200 $503,700
2021 $6,690 $497,000 $92,300 $404,700
2020 $5,993 $448,600 $80,700 $367,900
2019 $5,817 $414,300 $74,700 $339,600
2018 $5,255 $365,200 $68,000 $297,200
2017 $4,977 $333,600 $61,800 $271,800
2016 $4,625 $305,100 $58,800 $246,300
2015 $4,416 $285,300 $60,200 $225,100
2013 $3,846 $256,200 $72,000 $184,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73286157

MLS Property Information Network (MLS PIN)

APN: LOWE-000122-003590-000175