This triplex presents a fantastic investment opportunity! Whether you’re an investor or looking to live in one apartment while renting out the others, this property offers strong cash flow with room for further growth. Each unit features three spacious bedrooms and is separately metered, ensuring ease of management. With a driveway and additional parking spots in the back , convenience is key. Located near Bartlett Middle School, Stoklosa Middle School, and UMass, this prime location enhances tenant appeal. Don’t miss out on this income-generating property!
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Last Updated: March 31st, 2025 at 4:53am
Gross Income: $75,600
Gross Expenses: $6,562
Net Income Calc: $69,038
CAP Rate: 9.23%
Annual Expenses for 63 Clare, Lowell MA 01854
Total Gross Expenses (Calculated)$6,562/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$6,562
Annual Income & Unit Breakdown for 63 Clare, Lowell MA 01854
Total Gross Income (Calculated)$75,600
Unit 1
Rental Income2300
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income2300
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
Unit 3
Rental Income1700
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit3
HeatingNo
Rent Includes
General Information for 63 Clare, Lowell MA 01854
Listing ID73350696
Property TypeMulti Family / 3 Family
Price$748,000 ($239.9/SqFt)
Style
CityLowell
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total3,118 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking4
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningTTF
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 63 Clare, Lowell MA 01854
Disclosures for 63 Clare, Lowell MA 01854
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$75,600
Total Net Income By Broker$75,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 63 Clare, Lowell MA 01854