**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.
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
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
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
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