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You are here:
Home Massachusetts Haverhill Multi-Family Homes for Sale

408 Main St Haverhill, MA 01830

189 Days on Boston Pads
Price Reduced $50,900
33 Photos
$1,049,000
6 Unit
6 Beds
6 Baths
3679 SQFT
0.09 Acre
408 Main St
Haverhill, MA 01830

Property Description

Great Investment Alert! Running at an 8.6% Cap Rate. 6 unit building with a ton of updates. (5) one bedrooms and (1) studio. Building has updated boiler and hot water within the past 5 years (owner paid), updated separate electric, fire panel and building is fully de-leaded. Coin op laundry in basement. Replacement windows throughout all of the units. Blown in insulation and air sealing performed in 2021. All units have been turned in the last two years and updated completely with cabinets, counters, flooring, paint and appliances. Great Main St location near downtown, public transportation and highway access. Reach out for more info or to schedule a showing today. Listing agent will be showing vacant units, common area and basement initially.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 6
  • Total Full Baths: 6
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Interior Features: Programmable Thermostat

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 117120
  • Gross Expenses: 14712
  • GSE: 3774
  • Electric Expenses: 496
  • Water/Sewer: 3120
  • INSC: 3305
  • Repairs & Maintenance: 3697
  • Miscellaneous Expense: 320
  • Net Operating Income: 90047

Utilities

  • Electric Info: 200 Amps
  • Energy Features: Insulated Windows, Prog. Thermostat
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Vinyl
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73176346
  • Last Updated: 12/04/23

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/19/2023Active$1,049,000$285MLSPIN
11/15/2023Price Change$1,049,000$285MLSPIN
11/05/2023Active$1,099,900$299MLSPIN
11/01/2023New$1,099,900$299MLSPIN

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Map & Resources

Seller's Representative: Chapman Real Estate Group, Four Points Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2023-12-04 19:52:00