85-87 Summer Street Haverhill, MA 01830

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.