85-87 Summer St Haverhill, MA 01830
Eight-unit multifamily property near downtown Haverhill and commuter rail.
Building Details
- Year built
- 1900
Source:
Nerealtyadvisors
Listing Agent: Brad Carlson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Haverhill Multifamily Investment Opportunity
The Summer Street Apartments, located in Haverhill, MA, feature eight units, including seven one-bedroom units and one two-bedroom unit. The property is situated near downtown Haverhill, within 1.5 miles of two MBTA commuter rail stations. A new parking lot was completed in 2023, providing eight off-street parking spots. Six of the eight units have been renovated with modern finishes and hardwood floors. Tenants are responsible for their own utilities, while the landlord covers water and sewer expenses. There is a value-add opportunity through renovating the remaining two apartments and raising current rents to market rate. Additional income is generated from coin operated laundry. The property is located in Haverhill, a city in northeastern Essex County along the Merrimack River, near the New Hampshire border and approximately 35 miles north of Boston. Haverhill's economy has diversified to include technology and research industries, and its downtown area features an arts and restaurant district. The city offers a mix of urban, suburban, and rural areas and provides access to Boston via two MBTA Commuter Rail stations, as well as proximity to tax-free shopping in New Hampshire. Current rents are below market value.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Haverhill
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.0731478
- Latitude
- 42.7774226
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property near downtown Haverhill and commuter rail.
Where is this apartment building located?
The property is located at 85-87 Summer St Haverhill, MA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: - High cash-on-cash returns from day 1.; - Convenient location: close to downtown Haverhill and within 1.5 miles of two MBTA commuter rail stations.; - Six out of eight units are renovated with modern finishes and hardwood floors.
