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Pending
17 Vine Haverhill, MA 01830
9 Beds
9 Baths
4,107 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,107 sqft
Price per Sqft $304
MLS Listing ID 73449544
Bedrooms 9
Full Baths 9
Year Built 1900
Annual Tax Amount $9,459
Tax Year 2025
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type 5-9 Family
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.
Location
State MA
County Essex
Zoning MF 5+
Direction Downtown Haverhill, MA
Rooms
Basement Full, Interior Entry, Dirt Floor
Interior
Interior Features Living RM/Dining RM Combo
Heating Electric
Cooling Window Unit(s)
Exterior
Community Features Public Transportation, Shopping, Highway Access
Roof Type Shingle
Total Parking Spaces 3
Garage No
Building
Lot Description Easements
Story 4
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by New England Realty Advisors LLC
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