Address
16-18 Walnut St, Lowell, MA
Price
$ 889,000
Property Attributes
- MLS#73163082
- TypeMulti-Family
- CountyMIDDLESEX
- CityLowell
- Zip01852
- Style5+ Family - 5+ Units Side by Side
- Year Built1900
- Taxes$ 8248
- Price$ 889,000
- Bedrooms9
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage5749
- Lot Size3,049 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
***BONUS LOT*** Looking for a good investment property? This commuter friendly 5 family located in Lowell also comes with a vacant 5473 sf lot(15 Auburn Street) currently used for parking which also generates income. Buyer to perform due diligence/research on potential development of vacant lot. Rubber roof replaced approx 6 yrs ago. Heat supplied: 2 units gas FHA, 2 units Electric and 1 unit Gas FHW baseboard. 2nd Fl units are new. All units gas hot water. Property currently renting under market value with separate utilities. Lead Safe Homes indicates 4 out of 5 units have lead compliance.
| Price History | |
|---|---|
| 9/30/2023 | Listed $889,000 |
General Features
| Appliances | Range |
|---|---|
| Building Area Units | Square Feet |
| City | Lowell |
| Community Features | Public Transportation, Shopping |
| Compensation Based On | Gross/Full Sale Price |
| Construction Materials | Frame, Stone |
| County | Middlesex |
| Directions | Off Gorham St. near Lowell Connector |
| Disclosures | Building being sold as is as shown. According to Lead Safe Homes 1.0 website, 4 out of 5 unit have letters of deleading compliance issued to previous owner(s). New owners /agents to verify compiance. |
| Electric | 200+ Amp Service, Individually Metered |
| Electric Expense | 240 |
| Garage Y/N | No |
| Gross Income | 87720 |
| Home Warranty Y/N | No |
| Insurance Expense | 5500 |
| Lot Size Square Feet | 2970 |
| Net Operating Income | 75460 |
| Operating Expense | 12260 |
| Property SubType | 5+ Family - 5+ Units Side by Side |
| Property Type | Residential Income |
| Roof | Rubber |
| Senior Community Y/N | No |
| Sewer | Public Sewer |
| Standard Status | Active |
| Status | Active |
| Street Name | Walnut St |
| Sub-Agency Relationship Offered | No |
| Tax Annual Amount | 8248 |
| Tax Assessed Value | 664100 |
| Tax Year | 2023 |
| Total Actual Rent | 6960 |
| Total Rooms | 22 |
| Total Units | 5 |
| Water Sewer Expense | 4000 |
| Waterfront Y/N | No |
| Year Built | 1900 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | TTF |
Interior Features
| Basement | Full, Dirt Floor, Unfinished |
|---|---|
| Fireplace Y/N | No |
| Flooring | Wood, Tile, Vinyl |
| Full Baths | 5 |
| Total Baths | 5 |
| Total Bedrooms | 9 |
| Total Stories | 9 |
Exterior Features
| Facilitator Compensation | 1 |
|---|---|
| Living Area | 5749 |
| Building Area Total | 5749 |
| Foundation Details | Stone |
| Lot Features | Level |
| Lot Size Acres | 0.07 |
| Lot Size Area | 0.07 |
| Lot Size Units | Acres |
| Parking Features | Off Street, Stone/Gravel |
| Road Frontage Type | Public |
| Spa | No |
| Total Parking | 16 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01852
Price
Taxes
Visits
Year Built
Walkscore
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information 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 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
