25 Portland St - Apartments FOR SALE


Haverhill, MA 01830- Downtown Haverhill
$3,450,000 USD
781-776-4000
25 Portland St, Haverhill, MA for Sale
$3,450,000 USD
Apartments - FOR SALE
1/14
null | 7.6% Cap Rate

25 Portland St
Haverhill, MA 01830
Downtown Haverhill


HIGHLIGHTS

  • Downtown Location
  • Transit Oriented Location
  • Attractive Unit Mix
  • Recent Capital Improvements
  • Value Add Potential
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 25 Portland Street in Haverhill, Massachusetts (the “Property”). The Property is improved by a three-story building with a total of eighteen (18) units, consisting of three (3) 2-Bedroom/1-Bathroom units, eleven (11) 1-Bedroom/1-Bathroom units and four (4) studio units in 9,724 square feet of living area, in 14,750 square feet of gross area on a 0.12-acre parcel. The Property also features a new, on-site laundry facility. 25 Portland Street is well located just off of Winter Street in downtown Haverhill, which offers a number of retail, dining, employment and entertainment amenities. The Property provides convenient access to Winter Street (MA-97, Main Street (MA-125), and Merrimack & Water Street (MA-113), the area’s primary commercial and commuter corridors. The location is less than a mile from the Haverhill Train Station and is within walking distance of national retailers and restaurants (Walgreens, CVS, Market Basket, KFC, and Dunkin’). Haverhill is centrally located in Essex County and is roughly 35 miles north of Boston.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

18

PRICE/UNIT

$191,667

CAP RATE

7.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,201 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.