60-62 West 3rd Street

Lowell, MA 01850

$1,300,000
Price
15
Beds
5
Baths
6,909 Sq. Ft.
$188 / Sq. Ft.
6,909
Sq. Ft.
$188
per Sq. Ft.

Description

UNIQUE PACKAGE DEAL: Unique investment opportunity to purchase adjacent, multiple properties AND a 10 car paved, parking lot. This property has been owned by the same family for the past 50 years. There is a 3 family and a 2 family for a total of 5 apartments with 15-20 bedrooms. There is parking for 10 vehicles plus a permit for onstreet parking. All apartments have at least 3 bedrooms (although some show as a 4 bed) and include a full bath, in unit washer/dryer hookup, spacious kitchen/dining with...UNIQUE PACKAGE DEAL: Unique investment opportunity to purchase adjacent, multiple properties AND a 10 car paved, parking lot. This property has been owned by the same family for the past 50 years. There is a 3 family and a 2 family for a total of 5 apartments with 15-20 bedrooms. There is parking for 10 vehicles plus a permit for onstreet parking. All apartments have at least 3 bedrooms (although some show as a 4 bed) and include a full bath, in unit washer/dryer hookup, spacious kitchen/dining with appliances, a living room and a storage area. All units are rented except Apartment 1 which was owner-occupied and could use some cosmetic updates. Great rental history for both buildings. Tenants are responsible for heat and electricity. Convenient to the University, shopping and commuter lines. Apt. 1 is immediately available for showings. Schedule your showing today.

Property Details for 60-62 West 3rd Street

Town
Lowell
MLS Area
Centralville
Area
MA-Lowell-Centralville, MA-Lowell
Garage Spaces
0
Parking Spaces
11.00
Parking Spaces Total
11

Location

Add your commute
LISTING UPDATED: 04/03/2024 08:57 AM

Property Details for 60-62 West 3rd Street

StatusUnder Agreement
MLS #73215595
Days on Market12
Taxes$12,429 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1940
CountyMiddlesex County

Location

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Building Information for 60-62 West 3rd Street

Stories9Residences5Year Built1940Building Size-Lot Size0.15 AC / 6,509 SF

Payment Calculator

$8,130 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$1,036

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 60-62 West 3rd Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Laundromat, University
  • Living Area: 6909.0
  • Color: GRAY
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Refrigerator
  • Basement Features: Full
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
  • Laundry Features: Washer & Dryer Hookup, Electric Dryer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony/Deck
  • Exterior Features: Fenced Yard
  • Fencing: Fenced
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: None, Central Air
  • Cooling: No
  • Electric: Circuit Breakers
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Dryer
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Assessments: $944,000
  • Block: 6050
  • Book: 36487
  • Lot: 60
  • Map: 176
  • Tax Year: 2024
  • Zoning: TTF
Building / Association Information
Living Characteristics
  • Beds Total: 15
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Concrete Perimeter, Stone
  • Cooling Units: 1
  • Cooling Zones: 1
  • Heat Units: 5
  • Heat Zones: 5
Income / Expenses
  • Annual Expenses Source: Accountant
  • GOI: $85,200.00
  • GRE: $25,272
  • NOI: $85,200.00
  • Operating Expense: $25,272.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Levels U4: 0
Rental Info
Rental Info
  • Total Actual Rent: $7,100.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 60-62 West 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 60-62 West 3rd 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 - PK to 4
Rating
School
Distance
S Christa Mcauliffe Elementary School
PublicPK to 4

Reilly Elementary School
PublicPK to 4

Abraham Lincoln Elementary School
PublicPK to 4

Greenhalge Elementary School
PublicPK to 4

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.

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.