185-193 Smith Street

Lowell, MA 01851

$2,355,000
Price
36
Beds
9
Baths
11,685 Sq. Ft.
$202 / Sq. Ft.
11,685
Sq. Ft.
$202
per Sq. Ft.

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,...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.
  1. Listed by Paul Brouillette • LAER Realty Partners

Property Details for 185-193 Smith Street

Town
Lowell
Area
MA-Lowell
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 11/21/2024 11:05 AM

Property Details for 185-193 Smith Street

StatusPrice Changed
MLS #73311077
Days on Market13
Taxes$23,657 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1900
CountyMiddlesex County

Building Information for 185-193 Smith Street

Stories9Residences9Year Built1900Building Size-Lot Size0.17 AC / 7,404 SF

Property Information for 185-193 Smith Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 11685.0
  • Color: Grey
  • SqFt with Basement: No
  • Total Units: 9
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • Grade School: Abraham Lincoln
  • High School: Lowell High
  • Middle School: James S. Daley
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Full, Dirt Floor, Unfinished Basement
  • Num of Baths: 9.0
  • Num of Full Baths: 9
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 9.00
  • Bathrooms Total Integer: 9
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Living Room, Kitchen, Laundry Room
  • SpaYN: No
Exterior Features
  • Exterior Features: Porch
  • Patio And Porch Features: Porch
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:123 B:5400 L:193
  • Assessments: $590,400
  • Book: 6287
  • Tax Year: 2024
  • Zoning: TMF
Building / Association Information
Living Characteristics
  • Beds Total: 36
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $9,586.00
  • Annual Expenses Source: Pro. Forma Available
  • GOI: $222,564.00
  • Insurance: $2,205.00
  • GRE: $44,604
  • NOI: $177,960.00
  • Operating Expense: $44,604.00
  • WSE: $9,156.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $18,547.00

Property History for 185-193 Smith Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 185-193 Smith Street

This home is within Lowell School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - PK to 4
Public - PK to 4
Rating
School
Distance
C.W. Morey Elementary School
PublicPK to 4

Charlotte M Murkland Elementary School
PublicPK to 4

Dr. Gertrude Bailey Elementary School
PublicPK to 4

Abraham Lincoln Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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185-193 Smith Street is a multi-family home for sale in Lowell, MA 01851. This property was listed for sale on November 10, 2024 by LAER Realty Partners, it's currently listed at $2,355,000. This listing's school district is Lowell School District. Nearby schools include C.W. Morey Elementary School, Charlotte M Murkland Elementary School and Dr. Gertrude Bailey Elementary School. 185-193 Smith Street is a 36-bed, 9-bath, 11,685 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LAER Realty Partners, Paul Brouillette

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.