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$689,900
Total Beds: 7 Total Baths: 3
Total Units: 3 SQFT: 3744
LOT size: 0.05 Acres
316 Westford St
Lowell, MA 01851
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Property Description

Huge price adjustment!!! Mixed use, rental income property, with a Thrift shop with a full bath on the first floor and two spacious apartments on the second and third floor. The second floor apartment has three bedrooms with pantry style kitchen and a full bath and living room. The third floor apartment has 4 bedrooms, a kitchen and full bath. All three units have newer Rinnai tankless furnace's and the rubber roof is approximately 7-8 yrs old. All rent could be much higher but all all long term tenants.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Full, Interior Access

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 61200
  • Gross Expenses: 10950
  • GSE: 2400
  • Electric Expenses: 500
  • Water/Sewer: 1250
  • INSC: 4100
  • Miscellaneous Expense: 500
  • Net Operating Income: 50050

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas, Tankless
  • Electric Info: 100 Amps, Circuit Breakers, Other (See Remarks), Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Other Rooms: Other (See Remarks)
  • Interior Features: Open Floor Plan, Remodeled, Square
  • Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Levels: 1

Unit 3 Description

  • Included in Rent: Gas, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Other Rooms: Kitchen
  • Appliances: Range, Refrigerator
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73030229
  • Last Updated: 08/04/23

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Map

Seller's Representative: Kevin Durkin, LAER Realty Partners
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 2.0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2023-08-04 03:05:00

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