Listing Courtesy of Wellsco, Llc
  • 11 / 5
  • 34
  • 3858
  • 1900
  • 165
  • 0.14
Active Status Multi-Family
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**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 Sunday June 23rd at NOON. ********PLEASE ARRIVE 5 MIN EARLY AS THIS WILL BE GROUP SHOWING TO SEE ALL UNITS** The group showing will last 12:00 to 12:15.

Address: 151 Franklin St
State: MA
City: Haverhill
County: Essex
Zip Code: 01830
MLS#: 72503894
MLS Area:
Taxes: $6,042

Interior Details

  • Appliances:
  • Amenities:Public Transportation, Shopping, T-Station
  • Features:
  • Furnished:
  • Floor Type:Vinyl, Wall To Wall Carpet
  • Cooling:
  • Heating:
  • Basement Details:Full
  • Other Rooms:22

Exterior Details

  • Home Construction
  • Features:Porch, Deck - Wood, Fenced Yard
  • Exposure:
  • Roof Type:Asphalt/Fiberglass Shingles
  • Garage Spaces:
  • Pool:No
  • Utilities:
  • Lot Description:Corner
  • Lot Size:6277.00
  • Parking:Off-Street
  • Foundation:Brick
  • Exterior:Vinyl
  • Sewer:City/Town Sewer

Community Details

  • Misc:5-9 Family

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:GPS 151 Franklin St. Rte 97/Broadway to Winter St. Left on Franklin St.

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Property Information Last Updated: 6/24/2019 10:50:45 PM
Listing Courtesy of Wellsco, Llc


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