193 Smith St, Lowell, MA 01851
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$799,900
3 Unit
12 Beds
3 Baths
3789 SQFT
0.06 Acre

Property Description

Great investment opportunity! Cap Rate 6.29%. This property features long-term tenants, each unit equipped with a stove, refrigerator and laundry room. 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 Smith and 193 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: 69600
  • Gross Expenses: 19263
  • Electric Expenses: 7826
  • Water/Sewer: 3439
  • INSC: 862
  • Net Operating Income: 50337

Utilities

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

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

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

Construction

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

Other Information

  • MLS ID# 73309458
  • 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$211MLSPIN
12/19/2024Back on Market$799,900$211MLSPIN
12/10/2024Under Agreement$799,900$211MLSPIN
11/26/2024Contingent$799,900$211MLSPIN
11/24/2024Active$799,900$211MLSPIN
11/20/2024Price Change$799,900$211MLSPIN
11/14/2024Active$850,000$224MLSPIN
11/10/2024New$850,000$224MLSPIN

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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

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