173 Branch Street

Lowell, MA 01851

$750,000
Last Sold Price
8
Beds
8
Baths
4,087 Sq. Ft.
$184 / Sq. Ft.
4,087
Sq. Ft.
$184
per Sq. Ft.

Description

Cash Cow! Rare 8 unit building that usually runs at full occupancy. All units come equipped with refrigerator and stove, private bath and plenty of parking. Off street parking for 20 vehicles comfortably accommodates the tenants and guests. . Proforma revenue of $79800 and net annual income of almost $50,000. Great investment opportunity!Cash Cow! Rare 8 unit building that usually runs at full occupancy. All units come equipped with refrigerator and stove, private bath and plenty of parking. Off street parking for 20 vehicles comfortably accommodates the tenants and guests. . Proforma revenue of $79800 and net annual income of almost $50,000. Great investment opportunity!
  1. Listed by Paul Brouillette • LAER Realty Partners

Property Details for 173 Branch Street

Town
Lowell
Area
MA-Lowell
Garage Spaces
0
Parking Spaces
20.00
Parking Spaces Total
20

Location

Listing Courtesy of LAER Realty Partners, Paul Brouillette

Sold By Coldwell Banker Realty - Westford, Reliable Results Team

Add your commute
LISTING UPDATED: 08/06/2022 07:41 AM

Property Details for 173 Branch Street

StatusSold
MLS #72839249
Days on Market105
Taxes$8,415 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of LAER Realty Partners, Paul Brouillette

Sold By Coldwell Banker Realty - Westford, Reliable Results Team

Add your commute

Building Information for 173 Branch Street

Stories3Residences8Year Built1900Building Size-Lot Size0.38 AC / 16,378 SF

Payment Calculator

$4,794 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$701

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 173 Branch Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat
  • Current Financing: Conv. Fixed
  • Living Area: 4087.0
  • Color: beige
  • Total Units: 8
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range
  • Num of Baths: 8.0
  • Num of Full Baths: 8
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 8.00
  • Bathrooms Total Integer: 8
  • FireplaceYN: No
  • Fireplaces: 0
Exterior Features
  • Exterior Features: Porch
  • Lot Description: Level
  • Patio And Porch Features: Porch
  • Roof Material: Slate
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Unit 1(None)
  • Cooling: No
  • Heating: Unit 1(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: M:121 B:750 L:173,3183251
  • Assessments: $625,200
  • Book: 6290
  • Tax Year: 2021
  • Zoning: M2001
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $1,200.00
  • GOI: $79,800.00
  • Gross Scheduled Income: $5,000.00
  • Insurance: $3,600.00
  • GRE: $30,000
  • RFS: $5,000
  • RME: $4,000
  • NOI: $49,800.00
  • Operating Expense: $30,000.00
  • WSE: $3,000.00
Unit Information
Unit 1 Description
  • Floor U1: 0
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 0
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $9,975.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1.5 nsp
  • Other Agent Compensation: 1.0 nsp

Property History for 173 Branch Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 173 Branch Street

Taxable ValueLand$157,800Additions$655,800Total$813,600
Tax Record2023$10,105 ($842 / month)
Home Facts
Baths8Total Finished SqFt4,087 SqFtAbove Grade Finished SqFt4,087 SqFtUnfinished Basement SqFt1,588 SqFtStories3Lot Size16,378 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningTMFCountyMIDDLESEXAPNLOWE M:121 B:750 L:173

Schools near 173 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LAER Realty Partners, Paul Brouillette

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.