TEAM Metrowest
Berkshire Hathaway HomeServices Commonwealth Real Estate | 508.223.7583 | info@teammetrowest.com

18 AUBURN STREET, Lowell, MA 01852

Multi-Family

$1,099,000
Price

6
Units
8,673
Approx. GLA
Don't miss this unique 6 unit investment opportunity with great cash flow in an ideal commuting location .3 miles from commuter rail and .1 miles from highway. Significant updates made recently including new roof and all hot water tanks in 2019. Very spacious units each with a living room, kitchen, walk-in pantry, 3 large bedrooms, and a full bath. Building is vinyl sided, with mostly vinyl replacement windows. Separate heat and electric for each unit with utilities paid by tenants. Units are heated by gas, with gas space heater in LR. Sale includes all appliances (4 refrigerators & 5 gas ranges). Rents are well under published HUD fair market rents for 3 bedroom units in the city.
Open House
No scheduled Open Houses
Highlights
Basement Features: Full, Dirt Floor
List Price: $1,099,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Active
Beds: 18
Baths: 6
Units: 6
Year Built: 1900
Approx. GLA: 8,673
MLS#: 72708345
 
Interior
Basement: Yes
Electric Features: Circuit Breakers
Rooms: 36
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.11
Lot Size: 4,945.00
Lot Description: Level
Foundation: Fieldstone
Construction: Frame
Roof Material: Rubber
Exterior: Vinyl
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $468,100
Taxes: $6,572
Tax Year: 2019
Book/Page: 28917/209
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $106,800
Gross Expenses: $30,172
Total Rent: $8,900
Net Income: $76,628
Insurance Cost: $3,000
Refuse Cost: $3,000
R&M Cost: $9,600
Water Cost: $8,000
Additional
Amenities: Public Transportation, Shopping
Disclosure Declaration: No
Disclosure: Property also known as 18-24 Auburn Street. Laundry hookups in units. All laundry appliances property of tenants.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 6 3 0 1 1 0 No 1 $1,500
Unit 2 6 3 0 1 1 0 No 1 $1,600
Unit 3 6 3 0 2 1 0 No 1 $1,200
Unit 4 6 3 0 2 1 0 No 1 $1,500
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  None  Heating:  Space Heater, Gas  Interior:  Hardwood Floors, Ceiling Fans, Pantry  Rooms:  Living Room, Kitchen, Other (See Remarks) 
Unit 2
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Space Heater, Gas  Interior:  Ceiling Fans, Pantry  Rooms:  Living Room, Kitchen, Other (See Remarks) 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Space Heater, Gas  Interior:  Ceiling Fans, Pantry  Rooms:  Living Room, Kitchen, Other (See Remarks) 
Unit 4
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Space Heater, Gas  Interior:  Ceiling Fans, Pantry  Rooms:  Living Room, Kitchen, Other (See Remarks) 
The listing office is Berkshire Hathaway HomeServices Commonwealth Real Estate and the listing agent is Steve Leavey. 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 it's 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. The data was last modified on 12/18/2018 2:44:00 PM.
 
TEAM Metrowest
TEAM Metrowest
Berkshire Hathaway HomeServices Commonwealth Real Estate
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