1776 Middlesex St, Lowell MA 01851
Lowell, MA 01851
$805,000
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Sale Statistics
Sale Overview
Original List Price:
$889,000
Final Sale Price:
$805,000
Difference:
$84,000 (-9.4%)
Performance Metrics
90.6%
List to Sale Ratio
Sold below asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$144
Sale $/sq ft:
$130
This property sold for $130 per square foot
Sale Summary
This property sold for 9.4% below the original asking price.
With only 15 days on market, this was a quick sale compared to typical market conditions.
About this home
Location Location Location, Don't miss out on this opportunity to purchase this 5 unit mixed use building, that includes; 2 Retail Units and 3 Residential Apartments. The retail units are leased to strong tenants. Two of the residential apartments are 1 bed room and the third residential apartment is a 4 bed room. 1 Bd and 4 Bed are TAW and one 1 Bd lease is up for renewal Feb 2019. The roof was replaced in 2016, new high efficiency HVAC 2015, new Fire Alarm 2017, new hot water tank 2017. Gross income $96k, Net income $70k
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Property History
Market Insights
9.4%
Price Range
17
Total Days on Market
Property Timeline
Sold
Feb 28, 2019
$805,000
Property sold
Days on Market: 17
Listed for Sale
Dec 13, 2018
$889,000
Original listing
Agent: Walter Zenkin
Office: AA Premier Properties, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 02/28/2019 | ✓ Sold | $805,000 | - | - | Property sold |
| 12/13/2018 | 🏠 Listed for Sale | $889,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2018 | $5,424 | $376,900 |
Financial Details
Annual Property Tax
$5,424
Tax Year 2018
Assessed Value
$376,900
Facts & Features
1 Car Garage
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1987
Living Area
6,190 sq ft
Lot Size
0.27 acres
Bedrooms
6
Full Baths
3
Half Baths
2
Total Rooms
15
Investment Metrics
Units
5
Unit 1 Rent
$1,400/mo · N
Unit 2 Rent
$700/mo · Y
Unit 3 Rent
$625/mo · N
Unit 4 Rent
$2,550/mo · Y
Total Monthly Rent
$5,275/mo
Gross Income
$96,300
Net Operating Income
$70,368
Operating Expenses
$25,932
Cap Rate
7.92%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
1
Has Garage
Yes
Features
None
Total Spaces
16
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,424
Assessed Value
$376,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
17 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
Sold
Year Built
1987
Bedrooms
6
Full Bathrooms
3
Half Bathrooms
2
Living Area
6,190 sq ft
Total Rooms
15
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1987
Structure Type:
Exterior Materials:
Roof:
Foundation:
Concrete Perimeter
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
16
Parking Features:
Nearby Schools
School District
Lowell School District local
C-
School Safety
2024-25
3.0%
Above Average
2.8%
Suspensions
0.8%
In-School
0.2%
Emergency
2.5% below state avg
Elementary Schools
10 schools
C+
Collegiate Charter School of Lowell
0.2 mi
|
#238 of 346
|
Score: 47.5
Improved 27 spots from last year
-10.7 below state avg
1,212 students
Very Diverse
Rising School
College Ready Curriculum
Diverse Student Body
Grades K-12
Community Christian Academy
1.0 mi
Grades PK-12
Lowell Catholic School
1.4 mi
Grades PK-12
C
Bartlett Community Partnership School
1.5 mi
|
#266 of 352
|
Score: 34.8
Improved 20 spots from last year
-23.4 below state avg
408 students
Very Diverse
Rising School
Diverse Student Body
Grades PK-08
St. Jeanne D'Arc Elementary School
2.0 mi
Grades PK-08
St. Patrick School and Educational Center
2.0 mi
Grades PK-08
Hellenic American Academy
2.1 mi
Grades PK-08
B
Lowell Community Charter Public School
2.2 mi
|
#158 of 352
|
Score: 43.9
Improved 29 spots from last year
-14.3 below state avg
816 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
B
Rogers STEM Academy
2.3 mi
|
#8 of 16
|
Score: 33.9
Improved 265 spots from last year
-24.3 below state avg
892 students
Diverse
Rising School
Diverse Student Body
Grades K-08
St. Louis Elementary School
2.8 mi
Grades PK-08
Middle Schools
7 schools
C
Dr. An Wang School
1.0 mi
|
#255 of 352
|
Score: 35.9
Improved 38 spots from last year
-22.3 below state avg
663 students
Very Diverse
Rising School
Diverse Student Body
Grades 05-08
B+
James S Daley Middle School
1.2 mi
|
#120 of 352
|
Score: 47.3
Improved 55 spots from last year
-10.9 below state avg
669 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
B-
Kathryn P. Stoklosa Middle School
1.6 mi
|
#198 of 352
|
Score: 40.6
Improved 18 spots from last year
-17.6 below state avg
613 students
Diverse
Diverse Student Body
Grades 05-08
Laura Lee Therapeutic Day School
1.7 mi
15 students
Diverse
Diverse Student Body
Grades 01-08
C-
Benjamin F. Butler Middle School
2.6 mi
|
#303 of 352
|
Score: 31.0
Dropped 47 spots from last year
-27.2 below state avg
516 students
Very Diverse
Diverse Student Body
Grades 05-08
C-
Henry J Robinson Middle School
3.2 mi
|
#288 of 352
|
Score: 32.5
Improved 31 spots from last year
-25.7 below state avg
600 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
C
James Sullivan Middle School
3.8 mi
|
#267 of 352
|
Score: 34.8
Improved 38 spots from last year
-23.5 below state avg
625 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
High Schools
4 schools
F
The Career Academy
1.6 mi
|
#25 of 25
|
Score: 14.1
Improved 363 spots from last year
-44.1 below state avg
83 students
Diverse
Rising School
Diverse Student Body
Grades 09-12
Old Colony Y Lowell Revocation Program
2.1 mi
Grades 09-12
F
Lowell Middlesex Academy Charter School
2.4 mi
|
#339 of 346
|
Score: 21.1
Improved 7 spots from last year
-37.1 below state avg
126 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades 09-12
D
Leblanc Therapeutic Day School
3.5 mi
|
#376 of 346
|
Score: 32.8
Same rank as last year
36 students
Diverse
Diverse Student Body
Grades 09-12
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Location
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Neighborhood
1776 Middlesex St, Lowell MA 01851
Lowell, MA 01851
Listing Information
Listing Agent
Walter Zenkin
Agent MLS ID
CN202218
Office MLS ID
AC0295
Listing Data Updated
Mar 1, 2019 3:11 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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