About 27, 28, 30 Vine St
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Vine Street portfolio of multi-family properties located in Haverhill, Massachusetts. The offering consists of nineteen (19) residential units spread over three properties on a combined 0.368-acres of land. The Portfolio is comprised of three (3), Studio units, eight (8), 1-Bedroom/1-Bathroom units, seven (7), 2-Bedroom/1-Bathroom units, and one (1), 3-Bedroom/2 Bathroom unit with 14,618 square feet of living area in 23,763 square feet of gross area. The properties feature separately metered utilities. Recent capital improvements include new vinyl siding and newer roofs at 27 & 28 Vine, and updated landscaping throughout. The units have below market rents, allowing a new owner to increase cash flow by bringing rents to market. There is also a large garage on site that can be rented out for additional income. The properties have a current cap rate of 7.78%.
Features of 27, 28, 30 Vine St
| MLS® # | 73234342 |
|---|---|
| Price | $3,500,000 |
| Units | 19 |
| Bedrooms | 25 |
| Bathrooms | 20.00 |
| Full Baths | 20 |
| Square Footage | 14,618 |
| Acres | 0.37 |
| Year Built | 1880 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 27, 28, 30 Vine St |
|---|---|
| City | Haverhill |
| County | Essex |
| State | MA |
| Zip Code | 01830 |
Amenities
| Parking Spaces | 5 |
|---|---|
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 9 |
Additional Information
| Zoning | CC |
|---|---|
| Gross Income | $372,864 |
| Net Operating Income | $272,392 |
| Operating Expense | $100,472 |
| Total Actual Rent | $31,012 |
Listing Details
| Agent | Spencer Norton |
|---|---|
| Office | Horvath & Tremblay |