55-59 White Street, Lowell, MA, Massachusetts, property flyer

55-59 White Street, Lowell, MA, 01854 | $900,000

Fantastic investment opportunity, especially for an investor with large/growing holdings requiring storage space or a contractor/business owner that will utilize both the plentiful parking and storage, as well as the income aspect of the residential units. Property consists of the following: 3-family, consisting of a studio, a one-bedroom and a two-bedroom, all with heat and hot water inc. At the back of the lot is a two-bedroom single-family home, with the tenant paying own gas and electric. 11 storage units, all cold storage, with electricity included in the rent: one double-unit in front, 3 single width storage units in front, 2 long and deep single storage units under rear 1-family and 5 medium size storage units w/door access (no overhead door/garage door) at the back side of the lot by the single-family. This makes for a total of 4 residential units and 11 storage units. Current rents are well under market

Features

Utilities: Public Water, Public Sewer
Zoning: TTF
Year Built: 1920

Acreage: 0.32
Est. Taxes: $10,762
MLS#: 73531354

Website: https://www.raveis.com
/prop/73531354/5559whitestreet_lowell_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Brian Donoghue courtesy of Universal Property Management Phone: 978-937-9327

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NMLS Mortgage Loan Originator ID 1500191

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55-59 White Street, Lowell, MA, 01854

$900,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

Kate.Rockett@raveis.com

NMLS Mortgage Loan Originator ID 1500191

	5/6 (30 Yr) Adjustable Rate Jumbo*	30 Year Fixed-Rate Jumbo	15 Year Fixed-Rate Jumbo
Loan Amount	$720,000	$720,000	$720,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.500%	6.000%	6.000%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.165%	6.121%	6.183%
Monthly Tax Payment	$897	$897	$897
H/O Insurance Payment	$92	$92	$92
Initial Principal & Interest Pmt	$4,088	$4,317	$6,076
Total Monthly Payment	$5,077	$5,306	$7,065

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.