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42 Albion St, Lowell MA 01850 – 5 bed 2 bath For Sale – 73296426

$ 525,000
42 Albion St, Lowell MA 01850,
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Overview

  • Updated On:
  • January 11, 2025
  • listingid
  • 73296426
  • 5 Bedrooms
  • 2 Bathrooms
  • 0 Garage Spaces
  • 2 Non-Garage Parking Spaces
  • 1925
  • HOA Fee

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 Details

Property Id: 540049
Price: $ 525,000
Property Size: 2,109.00 ft2
Property Lot Size: 0.07 ft2
Rooms: 11
Bedrooms: 5
Bathrooms: 2
Full Bath: 2
Total Bathrooms: 2
Disclosures: N
Basement: Unfinished
Last Updated: 2025-01-11T14:00:17.576Z
Building Area Source: Public Records
Building Area Total: 2109
Building Area Units: Square Feet
Buyer Agent MlsId: TM325586
Buyer Office MlsId: AN4691
Close Date: 2025-01-10
Close Price: 520000
Community Features: Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Highway Access,House of Worship,Public School,T-Station,University
Construction Materials: Frame
Contingency: Inspection
Cooling: Window Unit(s)
Current Financing: Conv. Fixed
Directions: Use GPS from your location
Electric Expense: 360
Exclusions: Washer And Dryer In The Basement Are Tenants.
Expiration Date: 1900-01-01
Fencing: Fenced
Financial Data Source: Owner
Foundation Details: Stone
Gross Income: 43200
Heating: Forced Air
Insurance Expense: 1830
List Agent MlsId: CN213471
List Office MlsId: AC0756
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-09-30
Listing ID: 73296426
Lot Features: Level
Lot Size: 0.07
Lot Size SqFt: 3250
Lot Size Units: Acres
Anticipated Sale Date: 2025-01-15T05:00:00.000Z
Date Available: No
Bedroom 1: 2
Bedroom 2: 3
Bath 1: 1
Bath 2: 1
Hot Water: Natural Gas
Lead Paint: Unknown
Lease 1: N
Lease 2: N
Unit 1 Living Levels: 1
Unit 2 Living Levels: 2
Listing Alert: No
Price Per SqFt: 248.93
Days in Market: 77
Total Days on Market: 77
MLS PIN Page: 171
Price Per SqFt: 246.56
Unit 1 Rent: 1600
Unit 2 Rent: 1750
Sold Price Per SqFt: 246.56
Living Area Includes Basement: No
Team Member: CN213471
MLS Status: Sold
Last Updated: 2025-01-11T14:00:00.000Z
Net Operating Income: 37110
Number Of Units: 2
Off Market Date: 2024-12-16
Operating Expense: 6375
Original List Date: 2024-09-30T17:37:00.000Z
Original List Price: 539900
Parcel Number: 3189421
Parking Features: Paved Drive,Off Street,Paved
Total Parking: 2
Patio And Porch Features: Deck,Deck - Wood
Purchase Contract Date: 2024-12-03
Road Type: Public
Roof: Shingle
Sewer: Public Sewer
State: MA
Status Change Time: 2025-01-11T14:00:00.000Z
Total Stories: 3
Tax Annua lAmount: 4375
Tax Assessed Value: 367300
Tax Book Number: 35794
Tax Year: 2024
Total Actual Rent: 3350
Water/Sewer Expense: 900
Water Source: Public
Year Built: 1925
Year Built Details: Actual
Year Built Source: Public Records
Zoning: TMF

Payment Calculator

$ 3,008.11
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,518.11

Amenities and Features

Other Features
Balcony/Deck
Bathroom With Tub
Dining Room
Dryer
Has Cooling System
Has Heating System
Heated Attic
High Speed Internet
Kitchen
Living RM/Dining RM Combo
Living Room
Microwave
Open Floorplan
Open Parking
Range
Refrigerator
Walk-up Attic
Washer

Property Address

Address: 42 Albion St, Lowell MA 01850
City:
State/County:
Zip: 01850
Country: US
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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.

 

Quick Property Details

  • Price: $ 525,000
  • Additional Price Info:
  • Total Rooms: 11
  • Bedrooms: 5
  • Bathrooms: 2
  • Lot Size: 0.07 ft2
  • Architectural Style:
  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Basement: Unfinished
  • Fireplace Features: ; Total Fireplaces: 0
  • Construction Materials: Frame
  • Sewer: Public Sewer
  • Water Source: Public
  • Year Built: 1925
  • Number of Stories: 3
  • Parking: Paved Drive,Off Street,Paved; Spaces: 2, Covered: 0, Garage: 0
  • HOA Fee: ()
  • Agent:
  • MLS Status: Sold
  • Full Bathrooms: 2, Half Bathrooms: 0
  • Tax Annual Amount: 4375
  • Zoning: TMF

Additional Property Details

  • Stories Total: 3
  • Structure Type:
  • Accessibility Features:
  • Association Amenities:
  • Foundation Details: Stone
  • Roof: Shingle
  • Window Features:
  • Pool Features:
  • Spa Features:
  • Pets Allowed:
  • View:
  • Waterfront Features:
  • Lot Features: Level

Quick Stats

Size: 2,109.00 ft2 |
Original List Price: 539900 |
Modified On: 2025-01-11T14:00:00.000Z |
Property Condition:

View count: 17

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