85-87 Summer, Haverhill, MA 01830

$1,690,000
9
BD
8
BA
7,221
SqFt

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Sold Price
$1,690,000
List Price
$1,700,000
Status
SOLD
MLS#
73488257
Bedrooms
9
Bathrooms
8
Full Baths
8
Living Area
7,221
Lot Size (Acres)
0.24
Year Built
1900

Property Description

Presenting the Summer Street Apartments for sale, located in Haverhill, MA. This 8-unit multifamily property consists of (7) one-bedroom units and (1) two-bedroom unit. The property is conveniently located close to downtown Haverhill and within 1.5 miles of both MBTA commuter rail stations. The building has a brand new parking lot, which was completed in 2023 with a total of 8 off-street parking spots. Six out of the eight units have been renovated with modern finishes and hardwood floors throughout each apartment. Tenants pay their own utilities while the landlord is only responsible for water & sewer expenses. There is a value-add opportunity through renovating the remaining two apartments and raising current rents to market rate. This turnkey asset is a great addition to any investor's real estate portfolio and offers high cash on-cash returns on day 1.

Additional Information

Taxes
$10,119
Parking Description
Paved Drive, Off Street
Lot Description
Corner Lot, Level
Water
Public
Sewer
Public Sewer

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Listing courtesy of Listing Agent: Bradford Carlson from Listing Office: New England Realty Advisors LLC.

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