395 Lowell Street

Lawrence, MA 01841

$949,900
Price
9
Beds
7
Baths
5,007 Sq. Ft.
$190 / Sq. Ft.
5,007
Sq. Ft.
$190
per Sq. Ft.

Description

Golden opportunity! Investors & Developers here is your opportunity to expand your Real Estate portfolio! Come take a look at this wonderful opportunity. Project consist of an existing 4 unit mixed use property currently being used as 5 unit situated on a lot that has an approval to build a 4 unit on the lot in the rear that will consist of two 1 bedroom units and two 3 bedroom units. The current building has two large townhouse style units and commercial units in the main level. Current existing...Golden opportunity! Investors & Developers here is your opportunity to expand your Real Estate portfolio! Come take a look at this wonderful opportunity. Project consist of an existing 4 unit mixed use property currently being used as 5 unit situated on a lot that has an approval to build a 4 unit on the lot in the rear that will consist of two 1 bedroom units and two 3 bedroom units. The current building has two large townhouse style units and commercial units in the main level. Current existing building is fully occupied! Collect the rents while you build the other building! Truly a wonderful opportunity ready for you to purchase and get the construction started!
  1. Listed by Olivares Molina TEAM • Realty One Group Nest
  2. Listed by Christine Terrero • Realty ONE Group Nest

Property Details for 395 Lowell Street

Town
Lawrence
Area
MA-Lawrence
Garage Spaces
0
Parking Spaces
11.00
Parking Spaces Total
11

Location

Listing Courtesy of Realty One Group Nest, Olivares Molina TEAM; Realty ONE Group Nest, Christine Terrero
Add your commute
LISTING UPDATED: 03/30/2024 08:35 AM

Property Details for 395 Lowell Street

StatusUnder Agreement
MLS #73091948
Days on Market140
Taxes$5,745 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family - 4 Units Side by Side
Year Built1925
CountyEssex County

Location

Listing Courtesy of Realty One Group Nest, Olivares Molina TEAM; Realty ONE Group Nest, Christine Terrero
Add your commute

Building Information for 395 Lowell Street

Stories4Residences4Year Built1925Building Size-Lot Size0.33 AC / 14,375 SF

Payment Calculator

$5,663 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,184

Property Taxes

$479

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 395 Lowell Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Laundromat, House of Worship, Public School, Other (See Remarks)
  • Living Area: 5007.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Concrete Floor, Unfinished Basement
  • Num of Baths: 7.0
  • Num of Full Baths: 7
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 7.00
  • Bathrooms Total Integer: 7
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Other
  • Interior Features: Living Room, Dining Room, Kitchen
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot, Other
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Other
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Other
  • Parking Features: Off-Street
Utilities
  • Electric: Circuit Breakers
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Dryer, Washer Hookup, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Disclosures: Seller has never lived in the property.
Tax Information
  • Tax ID: M:0187 B:0000 L:0045,4210049
  • Assessments: $565,500
  • Book: 119469
  • Tax Year: 2023
  • Zoning: B2
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 2
  • Heat Units: 4
Income / Expenses
  • GOI: $39,000.00
  • NOI: $39,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $5,400.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 395 Lowell 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 395 Lowell Street

Taxable ValueLand$196,400Additions$461,100Total$657,500
Home Facts
Baths7Total Finished SqFt5,007 SqFtAbove Grade Finished SqFt5,007 SqFtStories2Lot Size14,375 SqFtStyleOffice BuildingYear Built1925CountyESSEXAPNLAWR M:0187 B:0000 L:0045

Schools near 395 Lowell Street

This home is within Lawrence School District.
Rating
School
Type
Grades
Distance
Public - 1 to 12
Public - 3 to 8
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
School For Exceptional Studies
Public1 to 12

Alexander B Bruce
Public3 to 8

Parthum Middle School
Public5 to 8

Lawrence High School
Public9 to 12

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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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 Realty One Group Nest, Olivares Molina TEAM; Realty ONE Group Nest, Christine Terrero

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.