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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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38-40 9th Ave , Haverhill, MA 01830
$1,100,000
Est. Payment: $2,444.44/mo
8 Bed
4 Bath
3900 Sqft
Status: Under Agreement | Days on site: 21
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AN7014 - CT005196
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House Description

Exceptional investment opportunity in this well-maintained four-unit corner lot property offering immediate value-add potential. With below-market rents, 3 tenant-at-will units, and one owner-occupied unit to be delivered vacant at closing, buyers will have the flexibility to owner-occupy or reposition the property to maximize income. Updates include a 7-year-old roof with new plywood, full ice and water shield, and 30-year architectural shingles. All hot water heaters are direct vent, including two approximately 6 months old, a 2-year-old smart heat pump water heater, and a 5-year-old direct-vent unit. The direct-vent gas furnaces have been professionally serviced annually. The entire left side of the property features 3-year-old double-pane replacement windows, while the opposite side also has double-pane windows. Hardwood flooring is found throughout most of the property, with the exception of one first-floor unit. Electrical service includes three 100-amp panels and one 200-amp panel. The property also has 2 separate driveways to make parking much easier. With tenant at will leases, 1 unit vacant at closing, this property offers an outstanding opportunity to build equity and maximize returns. Open house Sat 8/8 from 12-2!

Highlights

Listed by Mike Pettoruto , 978-835-0435 Realty ONE Group Nest , 978-655-1385.

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1900

County

Essex

Listing ID

73559639

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:4
  • Full Bathrooms:4
Appliances:Range, Refrigerator
Other:
  • Additional:Living Room, Kitchen, Dining Room, Living RM/Dining RM Combo
Water:Public

Exterior Features

Lot:Corner Lot
Garage Capacity:7
Zoning:MF
Sewer:Public Sewer
Parking Features:Off Street,Paved,Parking Spaces: 7
Principal Interest
$2,444
Taxes
$533

Home Price

$1,100,000

Loan Details

30 yrs
%

Down Payment

20%
$220,000
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Monthly Price:
$2,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,444.44 $533.08 $0.00 $2,977.53
Yearly $29,333.33 $6,397.00 $0.00 $35,730.33
Total $880,000.00 $191,910.00 $0.00 $1,071,910.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Haverhill, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.