NOT LISTED FOR SALE
15 Beds
6 Baths
5,898 Sq Ft
9,148 Sq Ft Lot

Last Sold November 23, 2020

Last sale price $1,120,000 $190 Per Sq Ft

12 Days on Market

About This Home

As of November 2020

Great investment property for a 1031 exchange. This well kept, 5896 sq/ft 6 family sits on 9330 sq/ft of land conveniently located near UMASS Lowell. There are (3) two bedrooms and (3) three bedrooms. All units have an eat in kitchen, a family room and a single bath. 90% rent is currently guaranteed by a state program that is responsible for most repairs/damage. The building has vinyl siding, a new rubber roof two years ago, coin-op laundry and off street parking for 8 cars. Approx five years ago the prior owner invested over 100k in a state of the art, ultra efficient heating system featuring Lochinvar gas boilers and Superstor water heaters for each unit. Tenants pay all utilities. Current rents for the two bedrooms is $1250 mo and $1450 for the three bedroom units. Seller has lead compliance certificates. Buyer to honor all current lease agreements and assume all occupants. Buyer/buyer's agent must conduct their own due diligence, verifications and research.

Last Agent to Sell the Property

Kathy Pappas

RE/MAX Innovative Properties Listed on: 09/19/2020

RE/MAX Innovative Properties

Last Buyer's Agent

Carlos Carvajal

Century 21 North East

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 9,148

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Additional Features

  • Porch
  • Year Round Access
  • Natural Gas Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 211.94
  • Comp Based On: Net Sale Price
  • Year Built: 1930
  • Lead Paint: Yes, Certified Treated
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5
  • Year Built: 1930

Interior Features

  • Flooring: Vinyl, Wall to Wall Carpet, Hardwood
  • Total Flrs: 3
  • No Bedrooms: 15
  • Total Brs: 15
  • Full Bathrooms: 6
  • Total Fbh: 6
  • No Rooms: 23
  • Basement: Y
  • Basement Features: Full
  • Main Lo: AN3560
  • Main So: AN4339
  • Estimated Sq Ft: 5898.00

Exterior Features

  • Exterior Features: Porch
  • Foundation: Concrete Block

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water, Individual Meter
  • Electric Features: 110 Volts, 200 Amps
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven

Lot Info

  • Assessments: 612900.00
  • Acre: 0.21
  • Lot Size: 9330.00
  • Page: 243
  • Zoning: mf
  • Lot Description: Paved Drive, Shared Drive

Multi Family

  • Total Levels: 5
  • Total Rent: 7950
  • Total Rms: 27
  • No Units: 6
  • Mf Type: 5-9 Family

Tax Info

  • Taxes: 6809.00
  • Assessor Parcel Number: 3179643
  • Tax Year: 2019
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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 List to Sale Price per Sq Ft Prior Sale
11/23/2020 11/23/20 Sold $1,120,000 -10.4% $190 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
09/19/2020 09/19/20 For Sale $1,250,000 +49.2% $212 / Sq Ft
09/25/2018 09/25/18 Sold $838,000 -2.4% $154 / Sq Ft View Prior Sale
08/03/2018 08/03/18 Pending -- -- --
06/29/2018 06/29/18 Price Changed $859,000 -4.5% $158 / Sq Ft
06/20/2018 06/20/18 For Sale $899,900 -- $166 / 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 $13,017 $1,133,900 $209,800 $924,100
2024 $12,771 $1,072,300 $183,000 $889,300
2023 $12,933 $1,041,300 $152,000 $889,300
2022 $11,336 $893,300 $138,200 $755,100
2021 $8,356 $620,800 $120,200 $500,600
2020 $8,188 $612,900 $112,300 $500,600
2019 $6,809 $485,000 $104,000 $381,000
2018 $5,929 $457,600 $99,100 $358,500
2017 $5,913 $396,300 $90,100 $306,200
2016 $5,770 $380,600 $75,500 $305,100
2015 $5,169 $333,900 $77,200 $256,700
2013 $4,922 $327,900 $95,300 $232,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72729520

MLS Property Information Network (MLS PIN)