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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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82-84 Willie St , Lowell, MA 01854
$869,900
Est. Payment: $1,933.11/mo
12 Bed
3 Bath
3771 Sqft
Status: Active | Days on site: 18
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D95031 - CT000075
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House Description

Great opportunity for the buyer of this fully tenanted triple-decker in the Acre, a neighborhood undergoing significant revitalization efforts. All three units currently occupied with a total monthly rent roll of $6450.00, and with significant upside potential. Each unit provides a kitchen, living room, four bedrooms and one full bath, with both the 2nd and 3rd floor units having an additional enclosed porch, which are not noted in the room count below. Each unit also offers a full front porch. All units are separately metered and tenants are responsible for payment of own electric, heat, hot water and cooking. Unit electric panels for each apartment, and hot water tanks, are in the basement. Hot water tanks are newer, 2 x 2024 and 1 x 2025. Each unit has its own heating system. Heating system for 1st floor is in the basement and both 2nd floor and 3rd floor heating units are in their respective apartments. All three units are lead compliant, with certificates in hand. All three units have current rental unit permits. 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 plenty of room for movement on the rents. Buyer is aware and acknowledges that Seller may perform an IRC Section 1031 tax deferred exchange. Seller requests Buyer’s cooperation in such an exchange and agrees to hold Buyer harmless from any and all claims, costs, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract by the Seller.

Highlights

Listed by Brian Donoghue , 978-808-8174 Universal Property Management , 978-937-9327.

Property Type

Multi-Family

Lot/Acreage
0.05

Year Built

1900

County

Middlesex

Listing ID

73569734

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:12
  • Bathrooms:3
  • Full Bathrooms:3
Floor:Varies
Water:Public

Exterior Features

Lot:Corner Lot
Garage Capacity:2
Zoning:UMF
Sewer:Public Sewer
Parking Features:Off Street,Parking Spaces: 2
Principal Interest
$1,933
Taxes
$617

Home Price

$869,900

Loan Details

30 yrs
%

Down Payment

20%
$173,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,933.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,933.11 $616.58 $0.00 $2,549.69
Yearly $23,197.33 $7,399.00 $0.00 $30,596.33
Total $695,920.00 $221,970.00 $0.00 $917,890.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lowell, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.