185 Smith St, Lowell, MA 01851
View Map
$799,900
3 Unit
12 Beds
3 Baths
4125 SQFT
0.05 Acre

Property Description

Great investment opportunity! Cap Rate 7.52%. This property features long-term tenants, each unit equipped with a stove, refrigerator and laundry room. Extensive renovations made in 2018. It’s being sold as a package deal, which includes 185-187 Smith St (3-family), 189-191 Smith St (3-family) and 193-195 Smith St (3-family) all listed on MLS. 185 -187 Smith and 193-195 Smith buildings are on registered land.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 12
  • Total Full Baths: 3
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator

Financial

  • APOD Available: Yes
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 74964
  • Gross Expenses: 14789
  • Electric Expenses: 1760
  • Water/Sewer: 2640
  • INSC: 889
  • Net Operating Income: 60175

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Foundation Info: Poured Concrete
  • Lead Paint: Yes
  • Warranty: No

Other Information

  • MLS ID# 73309454
  • Last Updated: 12/23/24
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/23/2024Active$799,900$194MLSPIN
12/19/2024Back on Market$799,900$194MLSPIN
12/10/2024Under Agreement$799,900$194MLSPIN
11/26/2024Contingent$799,900$194MLSPIN
11/24/2024Active$799,900$194MLSPIN
11/20/2024Price Change$799,900$194MLSPIN
11/14/2024Active$850,000$206MLSPIN
11/10/2024New$850,000$206MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: Paul Brouillette, LAER Realty Partners
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 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 set forth herein.

MLS PIN data last updated at 2024-12-23 03:05:00