185-193 Smith St, Lowell MA 01851 – 36 bed 9 bath For Sale – 73311077
Overview
- Updated On:
- February 19, 2025
-
- 73311077
- 36 Bedrooms
- 9 Bathrooms
- 0 Garage Spaces
- 0 Non-Garage Parking Spaces
- 1900
Description
Exceptional investment opportunity! Cap Rate 7.56%. A total of 9 units across three well-maintained buildings, comprising nine 4-bedroom units. The package deal includes a triplex at 185-187 Smith St with major renovations completed in 2018, another triplex at 189-191 Smith St, a third triplex at 193-195 Smith St. All properties are individually listed on MLS. 185 Smith and 195 Smith buildings are on registered land. Features include long-term tenants, units furnished with stoves and refrigerators, and individual laundry rooms in the buildings at 185, 189, and 193 Smith St. with ample on-street parking. These properties boast long-standing tenants and are expected to sell quickly.
Property Listing Details
Overview
| MLS Status | Pending |
|---|---|
| Price | $ 2,355,000 |
| Living Area | 11,685.00 ft2 |
| Bedrooms | 36 |
| Total Rooms | 54 |
|---|---|
| Listing MLS ID | 73311077 |
| Days on Market | 35 |
| Bathrooms | 9 |
Unit Information
| Bedrooms | 36 |
|---|---|
| Full Bathrooms | 9 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | |
| Uncovered Parking | 0 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Yes |
| Outdoor Space Available | |
| Living Area Includes Basement | Full,Dirt Floor,Unfinished |
| Patio And Porch Features | Porch |
| Parking Features | Paved Drive,Off Street |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 9 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials |
| Year Built | 1900 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full,Dirt Floor,Unfinished |
| Roof |
Additional Details
| Community Features | |
|---|---|
| Disclosures | Please see attached lead compliance. |
| Last Updated | 2025-02-19T15:07:00.000Z |
| Building Area Source | Owner |
| MLS PIN Page | |
| Parcel Number | M:123 B:5400 L:193 |
| Original List Price | 3450000 |
| Listing Office | laer realty partners |
| Tax Annual Amount | 23657 |
|---|---|
| Tax Assessed Value | 590400 |
| Tax Book Number | 6287 |
| Tax Year | 2024 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | TMF |
| Listing Agent | paul brouillette |
Amenities and Features
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185-193 Smith St, Lowell MA 01851 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
185-193 Smith St, Lowell MA 01851 – 36 bed 9 bath For Sale – 73311077
$ 2,355,000
Status: Pending
185-193 Smith St, Lowell MA 01851, Lowell, , Middlesex 01851
Country: US
Property Overview
MLS #: 73311077
Type: 5-9 Family /
Action: Residential Income
Year Built: 1900 (Approximate, Source: Public Records, Effective: )
Living Area: 11,685.00 ft2 (Total: 11685 Square Feet, Source: Owner)
Lot Size: 0.17 ft2 (Area: 0.17 Acres, SqFt: 7404)
Total Rooms: 54
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 36 (Main Level: )
Bathrooms: Total: 9 (Full: 9, Half: 0, Decimal: 9, Main Level: )
Basement: Full,Dirt Floor,Unfinished
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials:
Foundation: Stone (Area: )
Roof:
Stories: 9 (9)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: (Expense: 9586)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 0
Parking Features: Paved Drive,Off Street
Pool:
Spa:
Patio/Porch: Porch
Fencing:
Lot Features:
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features:
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: Abraham Lincoln, M: James S. Daley, H: Lowell High
Zoning: TMF ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Exceptional investment opportunity! Cap Rate 7.56%. A total of 9 units across three well-maintained buildings, comprising nine 4-bedroom units. The package deal includes a triplex at 185-187 Smith St with major renovations completed in 2018, another triplex at 189-191 Smith St, a third triplex at 193-195 Smith St. All properties are individually listed on MLS. 185 Smith and 195 Smith buildings are on registered land. Features include long-term tenants, units furnished with stoves and refrigerators, and individual laundry rooms in the buildings at 185, 189, and 193 Smith St. with ample on-street parking. These properties boast long-standing tenants and are expected to sell quickly.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 9
Units Owner Occupied:
Unit 1: Beds: 4, Full Baths: 4, Half Baths: 0, Levels: 1, Rent: 2347, Lease: Y
Unit 2: Beds: 4, Full Baths: 4, Half Baths: 0, Levels: 1, Rent: 2000, Lease: Y
Unit 3: Beds: 4, Full Baths: 4, Half Baths: 0, Levels: 1, Rent: 1900, Lease: Y
Unit 4: Beds: 4, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2000, Lease: Y
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 23657 (Year: 2024)
Tax Assessed Value: 590400
Tax Block/Lot/Book/Map: / / 6287 /
Parcel Number: M:123 B:5400 L:193
Special Licenses:
Current Financing:
Gross Income: 222564 (Scheduled: )
Net Operating Income: 177960
Operating Expense: 44604 (Water/Sewer: 9156, Insurance: 2205)
Financial Data Source: Pro. Forma Available
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Electric,Water),Unit 2(Electric,Water),Unit 3(Electric,Water),Unit 4(Water)
Total Actual Rent: 18547
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: (MLS ID: D0008773) / Team:
Listing Office: (MLS ID: AN1199)
Agent (Property):
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-11-10
Expiration Date: 1900-01-01
Original List Price: 3450000
Price Per SqFt (List): 201.54
Market Time (Property): 35 (Broker: 35, Prev Broker: 0, Prev Property: 0)
MLS Status: Under Agreement
Possession:
Directions: Rte. 110/Chelmsford St to Liberty St to Left on Smith St
Disclosures: Please see attached lead compliance., N
Lead Paint: Yes
Title 5:
Exclusions: All Washers And Dryers Are Tenant Owned. 1 Fridge In 193 Smith 1st Fl Is Tenant Owned.
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 359)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date: 2025-04-09T04:00:00.000Z
Concessions Amount:
Purchase Contract Date: 2024-12-24
Sold vs Rent:
System Information
Property ID: 922103
Modification Timestamp: 2025-02-19T15:07:00.000Z
Bridge Modification Timestamp: 2025-02-19T15:10:33.714Z
Original Entry Timestamp: 2024-11-10T16:46:00.000Z
Status Change Timestamp: 2024-12-24T23:34:00.000Z
Off Market Date: 2024-12-24
Development Status:
Business Type:
