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

27, 28, 30 Vine St Haverhill, MA 01830

13 Days on Boston Pads
22 Photos
$3,500,000
19 Unit
25 Beds
20 Baths
14618 SQFT
0.37 Acre
27, 28, 30 Vine St
Haverhill, MA 01830

Property Description

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%.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 19
  • Total Floors: 9
  • Total Bedrooms: 25
  • Total Full Baths: 20
  • Common Rooms: Kitchen, Living Room
  • Common Heating: Electric, Forced Air, Space Heater

Financial

  • APOD Available: Yes
  • Gross Operating Income: 372864
  • Gross Expenses: 100472
  • Electric Expenses: 2590
  • Water/Sewer: 10432
  • Net Operating Income: 272392

Utilities

  • 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: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 4 Description

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

Construction

  • Year Built: 1880
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73234342
  • Last Updated: 05/11/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/11/2024Active$3,500,000$239MLSPIN
05/07/2024New$3,500,000$239MLSPIN

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Map & Resources

Seller's Representative: Spencer Norton, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
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 2024-05-11 03:05:00