40 Days onBoston Pads
10
$549,000
Total Beds: 8 Total Baths: 4
Total Units: 3 SQFT: 2870
LOT size: 0.26 Acres
89 Narrow Lane
Lancaster, MA 01523

Property Description

Great investment building!! Always fully rented 3 family house located in the center of Lancaster, total rent $4345/month, 5 minutes walk to college. Unit #1,unit #2 are 3 bedroom apt, unit #3 is 2 bedroom apt, easy access to downtown & all points for shopping, plus the good school system, it won't last long, please call before it's gone.

Property Details

Building Information

  • Total Units: 3
  • Total Rent: 4485
  • Total Floors: 6
  • Levels: 3
  • Total Rooms: 14
  • RMS: 14
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: House of Worship, Public School, Shopping, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement

Financial

  • APOD Available: Yes
  • Expenses Year End: 06/20
  • Gross Operating Income: 53820
  • Gross Expenses: 9246
  • Net Operating Income: 44574

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Green Certified: No
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 1535
  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Rooms: 5
  • Floors: 1
  • Bedrooms: 3
  • Full Baths: 2
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Interior Features: Tile Floor, Wood Flooring
  • Heating: Electric, Forced Air, Space Heater
  • Cooling: Window AC
  • Levels: 3

Unit 2 Description

  • Rent: 1360
  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Rooms: 5
  • Floors: 2
  • Bedrooms: 3
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Interior Features: Tile Floor, Wood Flooring
  • Heating: Electric, Forced Air, Space Heater
  • Cooling: Window AC
  • Levels: 3

Unit 3 Description

  • Rent: 1590
  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 3
  • Bedrooms: 2
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Interior Features: Tile Floor, Wood Flooring
  • Heating: Electric, Forced Air, Space Heater
  • Cooling: Window AC
  • Levels: 3

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Irregular
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • UFFI: Unknown
  • Flooring Type: Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 72684620
  • Last Updated: 08/11/20

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