37-39 Freeman St.

Haverhill, MA 01832 View Map $1,100,000 Ask a Question
Beds15
Baths5
Sq.Ft.5,710
Year1900
37-39 Freeman St. Haverhill 01832 MA | multi-family listing $1,100,000 73089788 Photo 1
37-39 Freeman St. Haverhill 01832 MA | multi-family listing $1,100,000 73089788 Map
Bean Group

Bean Group

(800) 450-7784

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If you have a question on this property or would like to tour 37-39 Freeman St. just TEXT us at (800) 450-7784 for the fastest response!

Excellent investment opportunity! Turn key building with tenants in place and stabilized rents. Newer heating systems (three out of five have been replaced within the past two years), new side decks, new fence in the backyard, improved front deck, newer siding (2017), upgraded bathrooms, vinyl windows, rubber roof in great shape. Building currently yields a very hard-to-find 8.25% cap rate. Tenants pay their own electric and gas. Showings to be held by appointment only at group showing times on Saturday, 3/25 and Sunday, 3/26 starting at 11:00 AM. Building is fully rented and can not be delivered vacant. Don't miss out on the chance to add this low maintenance five unit building to your rental portfolio!

Bean Group agents are here to help you! If you have a question on a property or would like to tour 37-39 Freeman St. just TEXT us at (800) 450-7784 for the fastest response!


Status: Sold
Property Type:5-9 Family
MLS #:73089788
Sq. Feet:5,710
Date Sold:5/17/2023
Lot Size:0.12 Acres
County:Essex
Excellent investment opportunity! Turn key building with tenants in place and stabilized rents. Newer heating systems (three out of five have been replaced within the past two years), new side decks, new fence in the backyard, improved front deck, newer siding (2017), upgraded bathrooms, vinyl windows, rubber roof in great shape. Building currently yields a very hard-to-find 8.25% cap rate. Tenants pay their own electric and gas. Showings to be held by appointment only at group showing times on Saturday, 3/25 and Sunday, 3/26 starting at 11:00 AM. Building is fully rented and can not be delivered vacant. Don't miss out on the chance to add this low maintenance five unit building to your rental portfolio!

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
5/17/2023$995,000$1,100,00010.6%

Community Information

Address:37-39 Freeman St., Haverhill, MA 01832
County:Essex
City:Haverhill
Zip Code:01832

Architecture

Bedrooms: 15
Bathrooms: 5
Year Built:1900
Stories:6
Construction Materials: Frame
Building Area: 5710
Roof: Rubber
Foundation: Stone
Basement: Interior Entry

Features / Amenities

Interior Features: Other (See Remarks)
Appliances: Gas Water Heater
Patio And Porch: Porch
Total Rooms:25

Property Features

Lot Size: 0.12 Acres
Lot Features: Sloped
Sewer: Public Sewer
Water: Public
Road Frontage: Public
Zoning:111
Directions:Use GPS

Tax and Financial Info

Tax Year: 2023
Tax Annual Amount: $8,565
Current Financing: Conv. Fixed
Contingency: Pending P&S
Gross Income: $109,200
Net Operating Income: $82,058
Electric Expense: $332
Insurance Expense: $5,578
Water/Sewer Expense: $3,945
Operating Expense: $27,142
Total Actual Rent: $9,100
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Disclosures: Public record has each unit as a two-bedroom / one-bathroom, but all units are rented and used as three-bedroom / one-bathroom apartments. Buyer and Buyer's Agent to do their own due diligence. The Listing Agent is related to

Listing Agent/Office

Listing provided courtesy of Nick Cowden, Compass.

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Listing Information Last Updated 2/22/2024
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.