Main Content
- Status Sold
- Property Type Multi-family
- Sold Date May 07 2021
-
Represented Seller
- Mortgage Calculator
About This Property
Great opportunity to live in one unit & rent out the others. Have the tenants buy down your mortgage while living rent-free. Ideal owner-occupied property for a first-time buyer. Property also makes sense for investor that wants to add to their buy & hold portfolio & rent out all units long term. Rents are below market. Low operating expenses. All utilities are separate & paid by tenants. Nice corner lot. Just a short distance to downtown Haverhill's restaurants, shops, bars, cafes & commuter rail. Per the seller the current rent-roll $42,600, current expenses $11,500; NOI $32,000. Per the seller. New flooring all 3 units, Shower re-finished, new vanity. Added in-unit laundry. Replaced 3 HW tanks, boiler for 2 bed unit, Upgraded zone controller and had boiler re-built. Replaced all kitchen windows in unit 1 and 2 and living room window in unit 1. New vanity, faucet, toilet in 4 bed unit. New shingles on mansard portions of the roof. Re-built both decks
