Take advantage of owning a well-maintained three-family property. Located just off VFW Highway, this 3 family home is a money maker, minutes from all local amenities. The layout consists of a first-floor unit, 4 bed, 1 bath, kitchen, living room. The second unit is also on the first floor consisting of 5 bedrooms, 1 bath, kitchen and living room. The second floor consists of a 3 bedroom, 1 bath with an open concept kitchen and living room. All utilities are separated. Washer and dryer located in the basement. Ample off-street parking, fully occupied. Lakeview Ave is conveniently located amongst shopping centers, restaurants, Lowell General Hospital, UMass Lowell, and access to RT.-3, & I-495. Don’t miss out on this great opportunity! There are limited photos to maintain the tenant's privacy. Listing agent can send you more pictures upon request.
This listing has been viewed 22 times in the past 206 days
Last Updated: May 6th, 2024 at 11:50pm
Highway Access
House Of Worship
Public School
Shopping
Park
Medical Facility
Laundromat
Public Transportation
Private School
University
General Information for 162-164 Lakeview Ave, Lowell, Massachusetts 01850
Property TypeResidential Income
Property Sub TypeMulti Family
Price$689,900
Price per sqft$183.88
MLS #73040157
Handicap Access / FeaturesNo
List Date2022-09-22
Special Listing Conditions
StateMassachusetts
Street NameLakeview Ave
CityLowell
Zip Code01850
CountyMiddlesex
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones3
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total3752
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress162-164 Lakeview Ave, Lowell MA 01850
Zoning
Interior Features for 162-164 Lakeview Ave, Lowell, Massachusetts 01850
* Approx. Living Area Total3,752 sq ft
Living Area Includes BasementNo
Bedrooms12
* # Fireplaces0
Bathrooms (Total)3
Full Baths3
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricYes
Electric$334
MLS Area (Major)Centralville
MLSPIN_BEDRMS_14
MLSPIN_BEDRMS_25
MLSPIN_BEDRMS_33
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_4
MLSPIN_GRE$17,479
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate23/01/2023
Exterior Features for 162-164 Lakeview Ave, Lowell, Massachusetts 01850
* Approximate Lot Size0.05 acres
Covered Parking Spaces0
Lot Features
* Parking Spaces4
* Sewer Utilities
* Water Utilities
* Year Built1925
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsGranite
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)2,350 Sqft
Disclosures for 162-164 Lakeview Ave, Lowell, Massachusetts 01850
Buyer Agent Compensation2
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintNone
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 162-164 Lakeview Ave, Lowell, Massachusetts 01850
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceAccountant
Gross Income$49,380
Insurance Expense$2,662
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT11950
MLSPIN_RENT22200
MLSPIN_RENT31430
MLSPIN_RENT4
MLSPIN_RFS$375
MLSPIN_RME$5,487
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$31,901
OperatingExpense$17,479
OriginalListPrice$720,000
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water), Unit 3(water)
TOTAL_RENT5580
WaterSewerExpense$939
Lifestyle Information for 162-164 Lakeview Ave, Lowell, Massachusetts 01850
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 162-164 Lakeview Ave, Lowell, Massachusetts 01850
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 162-164 Lakeview Ave, Lowell, Massachusetts 01850
MLSPIN_MARKET_TIME_BROKER124
MLSPIN_MARKET_TIME_PROPERTY124
PurchaseContractDate
Agent Information for 162-164 Lakeview Ave, Lowell, Massachusetts 01850