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33641315
33641316

32.5 Nichols Street, Haverhill, MA 01830

BC
MA 9584876, NH 085535
New England Realty Advisors
Listed by New England Realty Advisors
$1,050,000
2 days on market
Updated 2 days ago

Nichols Street Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,685
Units 4
Cap Rate 8.15%
NOI $85,612
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 9.49%
Pro-Forma NOI $99,691
Price per SqFt $185
Buildings 2
Acreage 0.140
Investment Type Value Add

Multifamily | 4 Units | $210,000/unit

Marketing description

New England Realty Advisors LLC is pleased to present the Nichols Street Apartments for sale, located at 32 1/2 Nichols St in Haverhill, MA. This property consists of two buildings on the same lot; the first building is a 2,760 SF two-family with (1) two-bedroom unit and (1) four-bedroom unit. The second building is a 2,925 SF three-family with (3) two-bedroom units. Both properties are separate from each other and equipped with all separate utilities, including water & sewer. There are off-street parking spots that can fit 4 vehicles and ample on-street parking. There is an opportunity to add value by potentially subdividing these buildings from each other, as well as raising rents to market rate. All interested parties will have the opportunity to obtain additional information upon request.

Investment highlights

  • Two separate buildings
  • Off street parking
  • Separate utilities
  • Below market rents
  • Lead certificates for all units
  • Tenant paid gas
  • Tenant paid electric
  • Separateley metered water & sewer
  • Water & sewer meter for each building

Listing Contacts

BC
MA 9584876, NH 085535
New England Realty Advisors
Listed by New England Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,612.00
$7,134.33/mo

Valuation Metrics

0
DSCR
8.15%
Cap Rate
8.15%
ROI

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Additional Information

Name
Brad Carlson
License
9584876
Brokerage
New England Realty Advisors LLC
Brokerage Phone
7813344044
Title
Principle Broker
Brokerage Address
40 Salem Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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