83-85 Groveland St

Haverhill, MA 01830 View Map $850,000 Ask a Question
Beds11
Baths5
Sq.Ft.5,364
Year1875
83-85 Groveland St Haverhill 01830 MA | multi-family listing $850,000 73097497 Photo 1
83-85 Groveland St Haverhill 01830 MA | multi-family listing $850,000 73097497 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 83-85 Groveland St just TEXT us at (800) 450-7784 for the fastest response!

Great opportunity to purchase this oversized 4 family located just over the Groveland line. This property is located less than a mile from a hospital, local grocery stores, shopping centers and parks. This large uniform building has been updated and well-maintained by the same owner for more than 20 years. The second and third floors are divided into two 4 bed units, one of which has 2 bathrooms, a balcony and in-unit laundry. The first floor is divided into a 2 bed and 1 bed unit, both of which have washer/dryer hookups and private entrances. All units have separate utilities and large storage units for each unit located in the walk-out basement. Easily improve NOI by increasing rents immediately after closing.

Bean Group agents are here to help you! If you have a question on a property or would like to tour 83-85 Groveland St just TEXT us at (800) 450-7784 for the fastest response!


Status: Sold
Property Type:4 Family
MLS #:73097497
Sq. Feet:5,364
Date Sold:5/31/2023
Lot Size:0.19 Acres
County:Essex
Great opportunity to purchase this oversized 4 family located just over the Groveland line. This property is located less than a mile from a hospital, local grocery stores, shopping centers and parks. This large uniform building has been updated and well-maintained by the same owner for more than 20 years. The second and third floors are divided into two 4 bed units, one of which has 2 bathrooms, a balcony and in-unit laundry. The first floor is divided into a 2 bed and 1 bed unit, both of which have washer/dryer hookups and private entrances. All units have separate utilities and large storage units for each unit located in the walk-out basement. Easily improve NOI by increasing rents immediately after closing.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
5/31/2023$840,000$850,0001.2%

Community Information

Address:83-85 Groveland St, Haverhill, MA 01830
County:Essex
City:Haverhill
Zip Code:01830

Architecture

Bedrooms: 11
Bathrooms: 5
Year Built:1875
Stories:6
Construction Materials: Frame
Building Area: 5364
Roof: Shingle
Foundation: Brick/Mortar
Basement: Walk-Out Access, Unfinished
Parking Features: Paved Drive, Off Street, Tandem, Paved
Parking Total: 4

Features / Amenities

Interior Features: Unit 1(Ceiling Fans, Bathroom with Shower Stall, Bathroom With Tub & Shower), Unit 2(Ceiling Fans, Bathroom With Tub & Shower), Unit 3(Ceiling Fans, Bathroom With Tub & Shower), Unit 4(Ceiling Fans, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 4 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Range, Refrigerator, Freezer, Washer, Dryer), Unit 2(Range, Refrigerator, Freezer), Gas Water Heater
Flooring: Tile, Vinyl, Varies Per Unit, Hardwood, Wood Laminate, Unit 1(undefined), Unit 2(Tile Floor, Wood Flooring), Unit 3(Tile Floor, Wood Flooring), Unit 4(Tile Floor, Wood Flooring)
Laundry: Unit 1 Laundry Room
Exterior Features: Balcony, Varies per Unit, Unit 1 Balcony/Deck
Patio And Porch: Deck - Vinyl
Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
Heating: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Gas), Unit 3(Hot Water Baseboard, Gas), Unit 4(Hot Water Baseboard, Gas)
Total Rooms:27

Property Features

Lot Size: 0.19 Acres
Lot Features: Level
Sewer: Public Sewer
Water: Public
Road Frontage: Public
Fencing: Fenced/Enclosed, Fenced
Zoning:RH
Directions:Route 125 to Water St to Groveland St

Tax and Financial Info

Tax Year: 2023
Tax Annual Amount: $6,892
Current Financing: Cash
Contingency: Pending P&S
Gross Income: $67,200
Net Operating Income: $62,700
Electric Expense: $400
Insurance Expense: $2,500
Water/Sewer Expense: $1,600
Operating Expense: $4,500
Total Actual Rent: $5,600
Re
Disclosures: Per section 8 testing, lead hazard was located on basement stairway of the 83 side of the property. Seller followed instructions to remedy the issue and received approval to place tenant. Seller never pursued letter of compli

Listing Agent/Office

Listing provided courtesy of Jack Mantville, J. Borstell Real Estate, Inc..

Schools

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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.