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SOLD 7/7/2021

96 Lane St, Lowell, MA 01851$725,000

14
beds
4
baths
6262
ft2
· 5437
ft2 lot
$116 / ft2

Listing provided courtesy of Listing Broker: Patrick Hermans, J. Borstell Real Estate, Inc.
Source MLS PIN;
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Oversized 4 family with a ton of cash-flow and enough off street parking for each unit to have a spot. With one unit becoming vacant at the end of February, it sets up for an owner occupant and any investor looking for a cash-flowing property to add to their portfolio. The property is fully separately metered with tenants paying their own utilities. City run trash coupled with very little to shovel in the winter makes this an easy one to manage. Low maintenance and high cash-flow.***First showings will take place on Saturday. Email listing agent for details***

HOA

$—/month

On market

14 days

Year built

1880

Property type

4 Family

Parking

4

MLS

72786473

Price / Sq.Ft.

$116 / ft2

Status

Sold

Home details for 96 Lane St

Interior Features & Layout
Heating & Cooling
•   
Heating Description Unit4: Forced Air
•   
Heating Description Unit 1: Forced Air
•   
Heating Description Unit2: Forced Air
•   
Heating Description Unit3: Forced Air
Rooms Info
•   
Common Rooms: Mudroom
•   
Total Levels: 3, 6, 6
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 2, 2
•   
Total Levels Unit 3: 1, 1
•   
Total Levels Unit 4: 2
•   
Total Rooms Unit 1: 5
•   
Total Rooms Unit 2: 6
•   
Total Rooms Unit 3: 5
•   
Total Rooms Unit 4: 6
•   
Total Rooms: 22, 20, 22
Appliances
•   
Hot Water: Natural Gas
Interior Features
•   
Utility Description: Water, Water, Water, Water
Flooring
•   
Unit 4 Floor Level: 2
Bedrooms Info
•   
Total Beds: 14
•   
Unit 4 Beds: 4
•   
Unit 3 Beds: 3
•   
Unit 2 Beds: 4
•   
Unit 1 Beds: 3
Bathrooms Info
•   
Full Baths: 4, 4
•   
Unit 4 Full Baths: 1
•   
Unit 3 Full Baths: 1
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 4
Property Type
•   
Property Type: 4 Family
•   
Mls Prop Type: 4 Family
•   
Mls Property Type: Multi-family
Lot Info
•   
Zoning: TMF
•   
Lot Description: Paved Drive
•   
Acres: 0.12
Exterior Features
•   
Building Exterior Details: Vinyl
Building Info
•   
Sqft Source: Public Record
•   
Foundation: Fieldstone
•   
Roof: Asphalt/Fiberglass Shingles
•   
Year Built Description: Actual
•   
Water/Sewer Built: 3124
•   
Lead Paint: Certified Treated
•   
Year Built Source: Public Record
Basement Info
•   
Basement
•   
Basement Details: Full
Parking Info
•   
Parking Descriptions: Off-Street
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Listing Details, Costs & Financing Information
Listing Info
•   
Offline Listing Number: 3196980
•   
Status: Sold
Lease Info
•   
Gross Revenue: 8124
•   
Gross Income: 75600
•   
Net Operating Income: 67476
•   
Monthly Rent Unit 1: 1350
•   
Monthly Rent Unit 2: 1650
•   
Mgf: 5000
•   
Monthly Rent Unit 3: 1600
•   
Lease 1
•   
Monthly Rent Unit 4: 1700
•   
Lease 2
•   
Lease 3
•   
Lease 4
•   
Total Rent: 6300
Financial Info
•   
Fin Code: FHA
•   
Finances Source: Owner Provided
•   
Apod Available
Listing Details
•   
Disclosures: Unit 2 will be vacated at the end of February. Sale subject to a 1031 exchange.
Tax/Assessment Info
•   
Tax Year: 2020
•   
Assessed Value: 528100.00
•   
Taxes: 7322.00
Listing Contacts
•   
Selling Agent: CN242381
School Neighborhood & Directions
Location
•   
Street Number: 96
•   
Map Book: 32531
•   
Map Page: 255
•   
Directions: Westford st to Lane st
•   
Road Type: Public
Other
Other
•   
Main So: AN1378
Calculation
•   
Price Per Sqft: 115.78
•   
List Price Per Sqft: 107.79
•   
Sold Price Per Sqft: 115.78
•   
Cdom Property: 16
•   
Cdom Broker: 16
•   
Cdom: 16

Neighborhood snapshot

11
Properties for sale
17.5
Median days on market
$250.42
Median sold price/sqft
104.08%
Sold/List %
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Property History for 96 Lane St

07/06/2021
07/06/2021
MLS PIN #72786473
sold
MLS PIN #72786473
$725,000
07/01/2021
07/01/2021
Public Record
sold
Public Record
$725,000
+7.41%
02/18/2021
02/18/2021
MLS PIN #72786473
pending
MLS PIN #72786473
$675,000
02/16/2021
02/16/2021
MLS PIN #72786473
active
MLS PIN #72786473
$675,000
+14.41%
10/31/2018
10/31/2018
Public Record
sold
Public Record
$590,000
--1.67%
See more property history

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