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Taylor Made Properties
17 Vine, Haverhill, MA 01830
- $1,175,000
- 9
- BD
- 9
- BA
- 4,107
- SqFt
- Sold Price
- $1,175,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 73449544
- Bedrooms
- 9
- Bathrooms
- 9
- Full Baths
- 9
- Living Area
- 4,107
- Lot Size (Acres)
- 0.18
- Year Built
- 1900
Property Description
pleased to present the Vine Street Apartments for sale, located at 17 Vine St in Haverhill, MA. This 9-unit apartment building consists of (5) one-bedroom apartments and (4) studio apartments. All of the units are in excellent shape, and more than half of the units have been upgraded to a more modern standard. All of the tenants are responsible for paying for electricity, which includes the heat. All units are on electric baseboard heat, paid for by the tenants. Investors have the opportunity to add value by raising rents to market rate, upgrading existing apartments to modern finishes, and adding additional parking spaces in the rear of the property. All interested parties will have the opportunity to obtain additional information upon request. Reach out to listing broker for offering memo. 7.31% cap rate, 9.12% pro forma cap rate. 7.70% going in cash on cash return with 15%+ cash on cash return once pro forma is achieved.
Additional Information
- Taxes
- $9,459
- Interior Features
- Living RM/Dining RM Combo
- Parking Description
- Off Street
- Lot Description
- Easements
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Bradford Carlson from Listing Office: New England Realty Advisors LLC.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.