BEST AND FINAL DUE TODAY, TUESDAY 6PM. Huge 6 family with Fire Damage near Clark University. The right side where the fire was will have limited access. The entire left side can be seen and is almost identical to the burnt side, has only water damage and is in need of remodeling after fire. The basement can be seen as well. The seller will assume that the following will need fixing; electrical, plumbing, smoke system, some windows, some heating and all the repair work and remodeling needed on both sides due to fire and water damage. Prior to the fire all apartments were in better than average condition generating 9,000/month.
Large six unit off main near Clark University. Roof is newer but siding, electrical, windows and some plumbing needs to be addressed. Good rental area and very large units with 4 bedrooms each will generate great income after much needed updates. Rentable units but needed updating should be a priority. Some vacant units need remodeling
MLS PIN #70577850
Oct 17, 2007
Sold
$376,000
$36/sq ft
Jul 31, 2007
Listing Removed
—
May 14, 2007
Listed
$549,000
$53/sq ft
All 6 units are 3 & 4 bedrooms, all rented. 2 additional studios rented for 400 each make it 8 units total. Lead Certs, heat varies per unit, new 30 yr roof, new siding, updated electric & heating, coin-op laundry leased, 1 section 8 tenant, owner pays utilities for additional 2 studios but all others seperate, updated kitchens & baths, Huge space throughout. Can be part of a package deal along with other MLS listings. The numbers work.
Public Records
Feb 17, 1999
Sold
$55,000
$5/sq ft
Public Records
Apr 28, 1997
Sold
$95,000
$9/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$15,559 (+14.7%)
$35,300 + $1,049,700
$1,085,000
2022
$13,569 (+93.4%)
$35,300 + $856,800
$892,100
2021
$7,015 (+5.4%)
$35,300 + $395,600
$430,900
2020
$6,657 (−0.8%)
$35,300 + $356,300
$391,600
2019
$6,714 (−1.9%)
$33,800 + $339,200
$373,000
2018
$6,845 (−1.6%)
$33,800 + $328,200
$362,000
2017
$6,958 (+4.9%)
$33,800 + $328,200
$362,000
2016
$6,636 (+7.0%)
$43,200 + $278,800
$322,000
2014
$6,200 (+22.1%)
$38,500 + $278,800
$317,300
2013
$5,078 (+0.7%)
$38,100 + $235,200
$273,300
2012
$5,045 (−3.6%)
$38,100 + $259,000
$297,100
2011
$5,236 (−7.2%)
$96,900 + $229,100
$326,000
2010
$5,640 (−5.5%)
$96,900 + $275,400
$372,300
2009
$5,967
$107,300 + $334,700
$442,000
Tax history for 5-7 Lowell St
Year
Property tax
Land + Additions
Assessment*
2023
$15,559 (+14.7%)
$35,300 + $1,049,700
$1,085,000
2022
$13,569 (+93.4%)
$35,300 + $856,800
$892,100
2021
$7,015 (+5.4%)
$35,300 + $395,600
$430,900
2020
$6,657 (−0.8%)
$35,300 + $356,300
$391,600
2019
$6,714 (−1.9%)
$33,800 + $339,200
$373,000
2018
$6,845 (−1.6%)
$33,800 + $328,200
$362,000
2017
$6,958 (+4.9%)
$33,800 + $328,200
$362,000
2016
$6,636 (+7.0%)
$43,200 + $278,800
$322,000
2014
$6,200 (+22.1%)
$38,500 + $278,800
$317,300
2013
$5,078 (+0.7%)
$38,100 + $235,200
$273,300
2012
$5,045 (−3.6%)
$38,100 + $259,000
$297,100
2011
$5,236 (−7.2%)
$96,900 + $229,100
$326,000
2010
$5,640 (−5.5%)
$96,900 + $275,400
$372,300
2009
$5,967
$107,300 + $334,700
$442,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.