Seller's Agent in 2022
Patrick Hermans
J. Borstell Real Estate, Inc.
(978) 580-7157
2 in this area
53 Total Sales
8 Cherry St Lowell, MA 01852
Back Central Neighborhood
12
Beds
6
Baths
4,334
Sq Ft
2,178
Sq Ft Lot
Highlights
- Property is near public transit
- Coin Laundry
- Heating Available
- Park
- Vinyl Flooring
- 4-minute walk to South Common Park
About This Home
As of May 2022Great bones and even better systems, this straight forward 6 family with two bedrooms per unit is set up to operate with low maintenance needed. Ready for an investor to step in, rent out the units at fair market value to tenants of their choice and start collecting cash flow. Property will be delivered with one tenant in the building. Updated systems, electrical, fire alarm monitoring, security cameras and 3 out of the 6 units have been updated in the last 5 years. Parking on Chapel and Linden St as well as public transportation within walking distance from the building.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,285
Year Built
- Built in 1920
Lot Details
- 2,178
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 4,334 Sq Ft Home
- Vinyl Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Parking
- Driveway
- Open Parking
Utilities
- 6 Heating Zones
- Heating Available
- Gas Water Heater
Additional Features
- 2,178 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $1,275
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Legal Lot and Block 8 / 1200
- Assessor Parcel Number 3190467
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Coin Laundry
Recreation
- Park
Building Details
- Electric Expense $480
- Insurance Expense $4,176
- Water Sewer Expense $1,800
- Operating Expense $8,721
- Net Operating Income $6,579
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2022 05/19/22 | Sold | $960,000 | +12.9% | $222 / Sq Ft |
| 03/08/2022 03/08/22 | Pending | -- | -- | -- |
| 03/04/2022 03/04/22 | For Sale | $850,000 | -- | $196 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Patrick Hermans
-
Eric Paul
E
Seller Co-Listing Agent in 2022
Eric Paul
J. Borstell Real Estate, Inc.
(254) 383-5521
1 in this area
10 Total Sales
-
Laurence Tamkin
Buyer's Agent in 2022
Laurence Tamkin
Boston Commercial Realty
(617) 922-4121
5 in this area
36 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72949080
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.
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.
Nearby Homes