110 Branch Street

Lowell, MA 01851

$529,000
Price
7
Beds
3
Baths
2,572 Sq. Ft.
$206 / Sq. Ft.
2,572
Sq. Ft.
$206
per Sq. Ft.

Description

Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93...Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93 per month(U10: $249.01, U11: $489.92). Both units are on the top-floor and next to each other. Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for exteriors, water/sewer, snow & trash removal and master insurance, etc). With this high rental demand, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings. Don't forget to see the Lowell Housing Fair market rent rates.
  1. Listed by Mei Zhou • Coldwell Banker Realty - Andover

Property Details for 110 Branch Street

Town
Lowell
MLS Area
Highlands
Area
MA-Lowell-Highlands, MA-Lowell
Garage Spaces
0
Parking Spaces
2.00
Parking Spaces Total
2

Location

Listing Courtesy of Coldwell Banker Realty - Andover, Mei Zhou
Add your commute
LISTING UPDATED: 04/18/2024 01:47 PM

Property Details for 110 Branch Street

StatusContingent
MLS #73222337
Days on Market8
Taxes$4,133 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Up/Down
Year Built1895
CountyMiddlesex County

Location

Listing Courtesy of Coldwell Banker Realty - Andover, Mei Zhou
Add your commute

Building Information for 110 Branch Street

Stories6Residences2Year Built1895Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$3,231 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,887

Property Taxes

$344

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 110 Branch Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, University
  • Living Area: 2572.0
  • Color: light grey
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate,Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Microwave, Refrigerator
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Hardwood
  • Interior Features: Lead Certification Available, Storage, Bathroom With Tub, Open Floorplan, Kitchen, Living RM/Dining RM Combo, Living Room, Dining Room
  • Interior Features: Window AC
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Covered Patio/Deck
  • Lot Description: Corner Lot, Level
  • Patio And Porch Features: Covered
  • Roof Material: Rubber
  • View: City View(s)
  • View: Yes
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, On Street Permit, Deeded
  • Open Parking: Yes
  • Parking Features: Off-Street, On Street Permit, Deeded
  • Parking Features: Off-Street, On Street Permit, Deeded
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Electric: 110 Volts
  • Heating: Baseboard, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Seller never lives there.
Tax Information
  • Tax ID: 4636040
  • Assessments: $261,700
  • Book: 19576
  • Tax Year: 2024
  • Zoning: NA
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • GOI: $.00
  • NOI: $.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 3
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 3
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 2%

Property History for 110 Branch Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 110 Branch Street

This home is within Lowell School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - PK to 4
Public - 5 to 8
Rating
School
Distance
C.W. Morey Elementary School
PublicPK to 4

Abraham Lincoln Elementary School
PublicPK to 4

Charlotte M Murkland Elementary School
PublicPK to 4

Kathryn P. Stoklosa Middle School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Coldwell Banker Realty - Andover, Mei Zhou

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its 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.