359 Main St Haverhill, MA 01830

Property Details for 359 Main St

Year built

1900

Lot size

0.55 lot acres

Property size

18,400 SF

Property type

Office Properties & Spaces

Property subtype

Apartment buildings

Description

Exceptional investment opportunity in Haverhill, MA, featuring a three-building portfolio encompassing both multifamily and office space. This property, situated on a 0.55-acre lot at 355 and 359 Main Street, boasts a total of 18,400 square feet and comprises 12 residential units (a mix of two-bedroom and three-to-six-bedroom units) and 10 office units. The buildings, constructed between 1900 and 1960, underwent renovations in 2018. The property currently enjoys 75% occupancy, with a projected full occupancy date of November 13, 2024. The property features 20 parking spaces and is zoned for commercial central use. Each residential unit is individually metered for utilities. The office building includes units on both the first and second floors. This Class C property is offered at $1,900,000 ($103.26/sq ft) and presents a compelling opportunity for investors seeking a diversified portfolio in a desirable location. The property is conveniently located on Route 125, near City Hall and downtown Haverhill. Financial details are available upon request and execution of a Non-Disclosure Agreement.

Location Insight

City

Haverhill

County

Essex

State

Massachusetts

Longitude

-71.0776

Latitude

42.7832