P
Seller's Agent in 2022
Patrick Hermans
J. Borstell Real Estate, Inc.
712 School St Lowell, MA 01851
Lower Highlands Neighborhood
7
Beds
4
Baths
3,348
Sq Ft
3,049
Sq Ft Lot
Highlights
- Property is near public transit
- Coin Laundry
- Heating Available
- Corner Lot
- Vinyl Flooring
About This Home
As of May 2022Great corner lot with plenty of on street parking. Recently updated Navien on demand heating systems as well as new electrical throughout. All units are rented well below fair market value, so the building just needs rent raises and it will produce a lot of cash flow with very little headaches. Easy access to the Lowell Connector and walking distance to public transportation for the tenants. Don't miss your chance to buy an all around solid building that will generate great returns and always have a high tenant demand.
Last Agent to Sell the Property
Patrick Hermans
J. Borstell Real Estate, Inc. Listed on: 03/04/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,611
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Corner Lot
Parking
- Open Parking
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 3,348 Sq Ft Home
- Vinyl Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Location
- Property is near public transit
Utilities
- 4 Heating Zones
- Heating Available
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $5,225
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Legal Lot and Block 712 / 5240
- Assessor Parcel Number 3183604
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Coin Laundry
Building Details
- Electric Expense $332
- Insurance Expense $4,905
- Water Sewer Expense $2,957
- Operating Expense $8,194
- Net Operating Income $62,700
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/19/2022 05/19/22 | Sold | $615,000 | -8.9% | $184 / Sq Ft |
| 03/08/2022 03/08/22 | Pending | -- | -- | -- |
| 03/04/2022 03/04/22 | For Sale | $675,000 | -- | $202 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $6,863 | $597,800 | $134,900 | $462,900 |
| 2024 | $6,754 | $567,100 | $121,400 | $445,700 |
| 2023 | $6,847 | $551,300 | $105,600 | $445,700 |
| 2022 | $6,020 | $474,400 | $96,000 | $378,400 |
| 2021 | $5,611 | $416,900 | $83,400 | $333,500 |
| 2020 | $5,430 | $406,400 | $72,900 | $333,500 |
| 2019 | $4,511 | $321,300 | $67,500 | $253,800 |
| 2018 | $3,445 | $300,200 | $61,400 | $238,800 |
| 2017 | $3,450 | $231,200 | $55,800 | $175,400 |
| 2016 | $3,466 | $228,600 | $53,200 | $175,400 |
| 2015 | $3,125 | $201,900 | $54,400 | $147,500 |
| 2013 | $2,979 | $198,500 | $65,100 | $133,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Eric Paul
E
Seller Co-Listing Agent in 2022
Eric Paul
J. Borstell Real Estate, Inc.
(254) 383-5521
1 in this area
9 Total Sales
-
Laurence Tamkin
Buyer's Agent in 2022
Laurence Tamkin
Boston Commercial Realty
(617) 922-4121
2 in this area
34 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72949204
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