42 Albion St, Lowell MA 01850 – 5 bed 2 bath For Sale – 73296426
Overview
- Updated On:
- January 11, 2025
-
- 73296426
- 5 Bedrooms
- 2 Bathrooms
- 0 Garage Spaces
- 2 Non-Garage Parking Spaces
- 1925
Description
Fantastic investment opportunity in Lowell! This multi-family property offers two units, perfect for owner occupancy or adding to an investor’s portfolio. Unit 1: 2 bedrooms, 1 bath Unit 2: 3 bedrooms, 1 bath. Each unit features separate utilities and offers off-street parking for convenience. Located just 4 minutesfrom the T and a short walk to the bus stop, commuting is a breeze. Enjoy being 1 mile from downtown Lowell, a 10-minute walk to Kerouac Park and George McDermott Reservoir. With tenants currently at will and paying below market rents, there is significant potential for increased cash flow. Lowell’s low vacancy rate of only 3.75% makes this a great investment opportunity! Don’t miss out on this excellent multi-family property in a prime location. Some TLC needed reflective of the listing price.
Property Listing Details
Overview
| MLS Status | Closed |
|---|---|
| Price | $ 525,000 |
| Living Area | 2,109.00 ft2 |
| Bedrooms | 5 |
| Total Rooms | 11 |
|---|---|
| Listing MLS ID | 73296426 |
| Days on Market | 77 |
| Bathrooms | 2 |
Unit Information
| Bedrooms | 5 |
|---|---|
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Cooling | Window Unit(s) |
| Heating | Forced Air |
| Uncovered Parking | 2 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Unfinished |
| Patio And Porch Features | Deck,Deck - Wood |
| Parking Features | Paved Drive,Off Street,Paved |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 2 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials | Frame |
| Year Built | 1925 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Unfinished |
| Roof | Shingle |
Additional Details
| Community Features | Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Highway Access,House of Worship,Public School,T-Station,University |
|---|---|
| Disclosures | |
| Last Updated | 2025-01-11T14:00:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | 3189421 |
| Original List Price | 539900 |
| Listing Office | cameron real estate group |
| Tax Annual Amount | 4375 |
|---|---|
| Tax Assessed Value | 367300 |
| Tax Book Number | 35794 |
| Tax Year | 2024 |
| Year Built Details | Actual |
| Year Built Source | Public Records |
| Zoning | TMF |
| Listing Agent | lesly montoya jose |
Amenities and Features
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42 Albion St, Lowell MA 01850 | © 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.
42 Albion St, Lowell MA 01850 – 5 bed 2 bath For Sale – 73296426
$ 525,000
Status: Closed
42 Albion St, Lowell MA 01850, Lowell, , Middlesex 01850
Country: US
Property Overview
MLS #: 73296426
Type: Multi Family /
Action: Residential Income
Year Built: 1925 (Actual, Source: Public Records, Effective: )
Living Area: 2,109.00 ft2 (Total: 2109 Square Feet, Source: Public Records)
Lot Size: 0.07 ft2 (Area: 0.07 Acres, SqFt: 3250)
Total Rooms: 11
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 5 (Main Level: )
Bathrooms: Total: 2 (Full: 2, Half: 0, Decimal: 2, Main Level: )
Basement: Unfinished
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame
Foundation: Stone (Area: )
Roof: Shingle
Stories: 3 ()
Common Walls:
Body Type:
Utilities & Green Features
Heating: Forced Air
Cooling: Window Unit(s)
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: (Expense: 360)
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: 2
Parking Features: Paved Drive,Off Street,Paved
Pool:
Spa:
Patio/Porch: Deck,Deck - Wood
Fencing: Fenced
Lot Features: Level
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: Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Highway Access,House of Worship,Public School,T-Station,University
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: TMF ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Fantastic investment opportunity in Lowell! This multi-family property offers two units, perfect for owner occupancy or adding to an investor’s portfolio. Unit 1: 2 bedrooms, 1 bath Unit 2: 3 bedrooms, 1 bath. Each unit features separate utilities and offers off-street parking for convenience. Located just 4 minutesfrom the T and a short walk to the bus stop, commuting is a breeze. Enjoy being 1 mile from downtown Lowell, a 10-minute walk to Kerouac Park and George McDermott Reservoir. With tenants currently at will and paying below market rents, there is significant potential for increased cash flow. Lowell’s low vacancy rate of only 3.75% makes this a great investment opportunity! Don’t miss out on this excellent multi-family property in a prime location. Some TLC needed reflective of the listing price.
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: 2
Units Owner Occupied:
Unit 1: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1600, Lease: N
Unit 2: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 2, Rent: 1750, Lease: N
Unit 3: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Unit 4: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 4375 (Year: 2024)
Tax Assessed Value: 367300
Tax Block/Lot/Book/Map: / / 35794 /
Parcel Number: 3189421
Special Licenses:
Current Financing: Conv. Fixed
Gross Income: 43200 (Scheduled: )
Net Operating Income: 37110
Operating Expense: 6375 (Water/Sewer: 900, Insurance: 1830)
Financial Data Source: Owner
APOD Available: No
Tenant Pays:
Rent Includes:
Total Actual Rent: 3350
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: (MLS ID: CN213471) / Team: CN213471
Listing Office: (MLS ID: AC0756)
Agent (Property):
Buyer Agent MLS ID: TM325586
Buyer Office MLS ID: AN4691
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-09-30
Expiration Date: 1900-01-01
Original List Price: 539900
Price Per SqFt (List): 248.93
Market Time (Property): 77 (Broker: 77, Prev Broker: , Prev Property: 0)
MLS Status: Sold
Possession:
Directions: Use GPS from your location
Disclosures: , N
Lead Paint: Unknown
Title 5:
Exclusions: Washer And Dryer In The Basement Are Tenants.
Contingency: Inspection
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag: 0
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 171)
Sale Information (if applicable)
Close Date: 2025-01-10
Close Price: 520000
Price Per SqFt (Sold): 246.56
Anticipated Sold Date: 2025-01-15T05:00:00.000Z
Concessions Amount:
Purchase Contract Date: 2024-12-03
Sold vs Rent:
System Information
Property ID: 540049
Modification Timestamp: 2025-01-11T14:00:00.000Z
Bridge Modification Timestamp: 2025-01-11T14:00:17.576Z
Original Entry Timestamp: 2024-09-30T17:37:00.000Z
Status Change Timestamp: 2025-01-11T14:00:00.000Z
Off Market Date: 2024-12-16
Development Status:
Business Type:
