13 Nichols St

Haverhill, MA 01830 View Map $840,000 Ask a Question
Beds11
Baths6
Sq.Ft.4,366
Year1850
13 Nichols St Haverhill 01830 MA | multi-family listing $840,000 73156529 Photo 1
13 Nichols St Haverhill 01830 MA | multi-family listing $840,000 73156529 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 13 Nichols St just TEXT us at (800) 450-7784 for the fastest response!

1031 Exchangers and investors nestled within the heart of Haverhill, Massachusetts, this remarkable investment property presents a golden opportunity for astute investors seeking a lucrative venture in the realm of real estate. Welcome to 13-15 Nichols St, a well-maintained and strategically positioned property boasting six individual units, each offering a perfect blend of comfortable living and significant rental income potential. The property offers a diverse mix of units, ranging from one bedroom to spacious multi-bedroom apartments,. This versatility ensures a broad tenant pool and consistent occupancy rates. The current rental rates are positioned below market value, offering investors an immediate opportunity to enhance their revenue stream by adjusting rents to reflect the prevailing market rates. Don't miss the chance to secure your foothold in the Haverhill real estate landscape. Group Showing Monday 9/11 at 11 am and Thursday 9/14 at 11am

Bean Group agents are here to help you! If you have a question on a property or would like to tour 13 Nichols St just TEXT us at (800) 450-7784 for the fastest response!


Status: Sold
Property Type:5-9 Family
MLS #:73156529
Sq. Feet:4,366
Date Sold:10/31/2023
Lot Size:0.14 Acres
County:Essex
1031 Exchangers and investors nestled within the heart of Haverhill, Massachusetts, this remarkable investment property presents a golden opportunity for astute investors seeking a lucrative venture in the realm of real estate. Welcome to 13-15 Nichols St, a well-maintained and strategically positioned property boasting six individual units, each offering a perfect blend of comfortable living and significant rental income potential. The property offers a diverse mix of units, ranging from one bedroom to spacious multi-bedroom apartments,. This versatility ensures a broad tenant pool and consistent occupancy rates. The current rental rates are positioned below market value, offering investors an immediate opportunity to enhance their revenue stream by adjusting rents to reflect the prevailing market rates. Don't miss the chance to secure your foothold in the Haverhill real estate landscape. Group Showing Monday 9/11 at 11 am and Thursday 9/14 at 11am

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
11/2/2023$899,000$840,000-6.6%

Community Information

Address:13 Nichols St, Haverhill, MA 01830
County:Essex
City:Haverhill
Zip Code:01830

Architecture

Bedrooms: 11
Bathrooms: 6
Year Built:1850
Stories:9
Construction Materials: Frame
Building Area: 4366
Foundation: Concrete Perimeter
Basement: Full
Parking Features: Off Street
Parking Total: 8

Features / Amenities

Interior Features: Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)
Appliances: Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Range, Refrigerator)
Total Rooms:24

Property Features

Lot Size: 0.14 Acres
Lot Features: Level
Sewer: Public Sewer
Water: Public
Road Frontage: Public
Zoning:RU
Directions:GPS

Tax and Financial Info

Tax Year: 2023
Tax Annual Amount: $6,339
Current Financing: Conv. Fixed
Contingency: Pending P&S
Gross Income: $91,500
Net Operating Income: $63,615
Operating Expense: $27,885
Total Actual Rent: $7,775
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Buyer Agency Compensation: 2
Disclosures: Listing agent has ownership interest in property.

Listing Agent/Office

Listing provided courtesy of Michael Wetherbee, Cameron Real Estate Group.

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.