This Property is No Longer Available
161-165 Chapel Street, Lowell, MA 01852
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$750,000
*Sale Price
3 Unit
9 Beds
3 Baths
6861 SQFT
0.08 Acre

Property Description

FANTASTIC INVESTMENT OPPORTUNITY IN LOWELL!!! Charming oversized 3-family rowhouse on corner lot is perfect for an owner occupant, or as a standalone investment! Commuter friendly Back Central location, all 3 units have a spacious floor plan, fully-applianced kitchens & 3 bedrooms on 2nd level. Separate utilities, W/D hook-ups, and loads of storage room in separate basement spaces. Excellent expansion potential in unfinished 3rd floor walk-up attics, each unit featuring 4 extra sun-filled rooms. Great investment for rental income, condo conversion or smart owner occupant. Property may be developed into 3 separate condos (buyer to complete all due diligence, investigate any building permits, variances & other items required by city to develop). Metal roof, fenced-in, private backyards, perfect for summer gatherings, & those with kids/pets. Close to major routes (Rte. 3, I-495), commuter rail, downtown, shopping, restaurants, movie theater & parks. Short walk to area colleges. Must see!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Crown Molding, Internet Available - Unknown, Pantry, Programmable Thermostat, Stone/Granite/Solid Counters, Storage, Tile Floor, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer, Dryer Hookup, Microwave, Range, Refrigerator, Washer, Washer & Dryer Hookup, Washer Hookup
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 13200
  • Net Operating Income: 13200

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Prog. Thermostat, Storm Doors
  • Utility Connections: for Electric Range, for Gas Dryer, for Gas Range, Varies per Unit, Washer Hookup
  • Water: City/Town Water, Individual Meter, On-Site, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 3 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Metal
  • Flooring Type: Bamboo, Parquet, Tile, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73160777
  • Last Updated: 03/28/24
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/28/2024Sold$750,000$109MLSPIN
02/15/2024Under Agreement$824,900$120MLSPIN
02/08/2024Contingent$824,900$120MLSPIN
01/23/2024Active$824,900$120MLSPIN
01/19/2024Price Change$824,900$120MLSPIN
01/18/2024Expired$854,900$125MLSPIN
11/05/2023Active$854,900$125MLSPIN
11/01/2023Price Change$854,900$125MLSPIN
10/14/2023Active$879,900$128MLSPIN
10/10/2023Price Change$879,900$128MLSPIN
09/23/2023Active$899,900$131MLSPIN
09/19/2023New$899,900$131MLSPIN

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Seller's Representative: Sandra Bettencourt, Bettencourt Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 0.0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-03-28 10:43:00

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