$319,900
●
Multifamily -
Off Market
34-36 Ecklund Drive
Lowell, MA 01852
6 Beds
4 Baths,
2
Half Baths
2,300 Ft²
$543,019
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model
About This Property
New construction available within 120 days. Energy Star rated
duplex with identical units in the Rivers Edge subdivision. One
side must be owner occupied and the other side is deed restricted
to a Section 8 tenant. The current guaranteed rental income is
$1,230 per month, so at current interest rates these units are very
affordable for the owner. The duplex is new construction so the
assessment has not yet been established. FY 2015 Lowell's tax rate
is $15.48 per $1,000. There is an income restriction for the buyer,
who cannot earn more than 150% of the HUD median income by family
size, as detailed on an attachment. Three other units duplex units
are currently released by the developer for sale. The
photographs are of similar units previously constructed at the
subdivision.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$139
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #71958564)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 21, 2016 | Sold | ||
| Sold | |||
| Feb 12, 2016 | Listed by Metropolitan Boston Real Estate, LLC | $319,900 | |
| Listed by Metropolitan Boston Real Estate, LLC | |||
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Off Street, Tandem, Deeded, Paved
Interior Details
Half Bathrooms: 2
Full Bathrooms: 2
Interior Features: Unit 1(Bathroom With Tub & Shower, Slider, Other (See Remarks)), Unit 2(Bathroom With Tub & Shower, Other (See Remarks)), Unit 1 Rooms(Living Room, Kitchen, Living RM/Dining RM Combo), Unit 2 Rooms(Living Room, Kitchen, Living RM/Dining RM Combo)
Appliances: Unit 1(Microwave, Refrigerator - ENERGY STAR, Dishwasher - ENERGY STAR, Range - ENERGY STAR), Unit 2(Microwave, Refrigerator - ENERGY STAR, Dishwasher - ENERGY STAR, Range - ENERGY STAR), Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
Flooring Type: Vinyl, Carpet, Unit 1(undefined), Unit 2(Wall to Wall Carpet)
Laundry Features: Washer Hookup, Unit 1 Laundry Room
Rooms: 12
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Owner
Year Built Details: Under Construction
PropertySubType: 2 Family - 2 Units Side by Side
Stories (Total): 4
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Patio
Lead Paint: None
Lot Features: Easements, Level
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Zoning: PUD
Parcel Number: 4701301
Water Source: Public
Utilities Details
Utilities: for Electric Range, for Electric Oven, Washer Hookup
Heating Type: Unit 1(Central Heat, Forced Air), Unit 2(Central Heat, Forced Air)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Highway Access, Public School, Sidewalks
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/12/2016
| |
6 Bed
|
4 Bath
|
2300 ft²
|
$319,900
6 Bed
4 Bath
2300 ft²
|
$319,900
06/21/2016
|
John McSheehy
Weichert, REALTORS® - Metropolitan Boston Real Estate
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017