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Off market
  • $888,800

    153 Franklin St, Haverhill, MA 01830

    11beds
    3,858sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $888,800 Zestimate®
    $230/sqft
    $2,247 Estimated rent

    What's special

    **EXCELLENT INVESTMENT OPPORTUNITY** - 5 UNIT - Fully Occupied, 100% leased. All tenants are on annual leases. Property consists of (4) - 2 bedrooms, (1) - 3 bedroom. Current Gross Rent Roll is $78,480/year with an automatic 3% rent-roll increase built into each lease. Rents are currently BELOW MARKET. Should be closer to $82,800/year. Current operating expenses (including taxes) are $13,554. Net Operating Income is $64,926. Cap Rate of 10%. Great ROI on your 25% down payment. All utilities have been separated. Tenants pay all their own utilities. 4 of 5 the gas FHW furnaces have been replaced in the last few years. Breaker panels upgraded 2018. Replaced two flat roofs 2016. Property Management Co already in place to manage the property, if you wish to keep. See attached income and expense breakdown. GROUP SHOWING THURSDAY SEPT 12TH AT 11AM. PLEASE BE ONE TIME.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 5
    • Full bathrooms: 5
    Features
    • Flooring: Carpet, Linoleum / Vinyl
    Interior area
    • Total interior livable area: 3,858 sqft

    Property

    Features
    • Exterior features: Vinyl, Wood
    Lot
    • Size: 6,098 sqft

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1900

    Community & neighborhood

    Location
    • Region: Haverhill

    Other

    Other facts
    • Amenities: Public Transportation, Shopping, T-Station
    • Basement Feature: Full
    • Construction: Frame
    • Exterior: Vinyl
    • Flooring: Vinyl, Wall To Wall Carpet
    • Hot Water: Natural Gas
    • Roof Material: Asphalt/Fiberglass Shingles
    • Terms Feature: Contract For Deed
    • Apod Available: Yes
    • Exterior Features: Porch, Deck - Wood, Fenced Yard
    • Lot Description: Corner
    • Mf Type: 5-9 Family
    • Foundation: Brick
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $888,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $888,800