MULTIFAMILY PROPERTY FOR S FOR SALE ALE Four Buildings | 34 Unit Multifamily Portfolio Studio, One & Two Bedroom Floor Plans Additional Laundry Income | Off-Street Parking HAVERHILL MULTIFAMILY PORTFOLIO Multiple Addresses, Haverhill, MA DREW KIRKLAND DREW KIRKLAND FRANCIS S FRANCIS SAENZ AENZ 857.990.6802 857.990.6803 [email protected][email protected]
13
Embed
HAVERHILL MULTIFAMILY PORTFOLIO - LoopNet€¦ · • 34 Unit Multifamily Portfolio • Primarily Located in the Bradford Section of Haverhill • Studio, One, and Two Bedroom Floor
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
M U LT I FA M I LY P R O P E R T YF O R SF O R S A L EA L E
• Four Buildings | 34 Unit Multifamily Portfolio• Studio, One & Two Bedroom Floor Plans• Additional Laundry Income | Off-Street Parking
HAVERHILL MULTIFAMILY PORTFOLIO
Multiple Addresses, Haverhill, MA
DREW KIRKLANDDREW KIRKLAND FRANCIS SFRANCIS SAENZAENZ857.990.6802 857.990.6803
All materials and information received or derived from Northeast Private Client Group its directors, officers, agents, advisors, affiliates and/orany third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of theproperty, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither Northeast Private Client Group its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express orimplied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from anysource, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence todetermine these and other matters of significance to such party. Northeast Private Client Group will not investigate or verify any such mattersor conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their owninspections and investigations including through appropriate third party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. Northeast Private Client Group makes no warranties and/or representations regarding the veracity, completeness, or relevanceof any financial data or assumptions. Northeast Private Client Group does not serve as a financial advisor to any party regarding any proposedtransaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ fromactual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily meanthat rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations aswell as market conditions,vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified publicaccountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the conditionof the property and whether the property complies with applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed byNortheast Private Client Group in compliance with all applicable fair housing and equal opportunity laws.
HAHAVERHILL MULVERHILL MULTIFTIFAMILAMILY PORTFOLIOY PORTFOLIO | HAVERHILL, MA 01830 AND 01835 | FOR SALE
DISCLAIMERDISCLAIMER
3
PROPERTY OPROPERTY OVERVERVIEWVIEW
Northeast Private Client Group is pleased to present the Haverhill Portfolio located at 87Webster St, 445 S Main St, 425 S Main St & 2 Academy Road in Haverhill, MA.
87 Webster Street is a 6,690 SF six unit multifamily property consisting of two bedroomunits. Tenants pay all utilities & deleaded certificates available. Coin-op laundry.
445 S Main Street is a 10,649 SF 10 unit multifamily property consisting of one bedroomunits. Landlord paid utilities (project scheduled to separate all electric, steam furnace (gas).Coin-op laundry.
425 S Main Street is a 10,124 SF eight unit multifamily property consisting of a studio, 5 onebedrooms & 2 two bedroom units. Landlord paid gas (steam) & tenant paid electric. Coin-oplaundry.
2 Academy Ave is a 8,504 SF 10 unit multifamily property consisting on all one bedroomunits. Tenant paid utilities except hot water. Coin-op laundry.
PROPERTY HIGHLIGHTPROPERTY HIGHLIGHTSS
• 34 Unit Multifamily Portfolio
• Primarily Located in the Bradford Section of Haverhill
• Studio, One, and Two Bedroom Floor Plans
OFFERING SUMMAROFFERING SUMMARYY
Sale Price: $5,000,000
Building Size: 35,967 SF
Price / Unit: $147,058
Cap Rate: 6.59%
Market Cap Rate: 7.51%
NOI: $329,572
HAHAVERHILL MULVERHILL MULTIFTIFAMILAMILY PORTFOLIOY PORTFOLIO | HAVERHILL, MA 01830 AND 01835 | FOR SALE
EXECUTIVE SUMMAREXECUTIVE SUMMARYY
4
PROPERTY DESCRIPTIONPROPERTY DESCRIPTION
Northeast Private Client Group is pleased to present the HaverhillPortfolio located at 87 Webster St, 445 S Main St, 425 S Main St & 2Academy Road in Haverhill, MA.
87 Webster Street is a 6,690 SF six unit multifamily propertyconsisting of two bedroom units. Tenants pay all utilities & deleadedcertificates available. Coin-op laundry.
445 S Main Street is a 10,649 SF 10 unit multifamily propertyconsisting of one bedroom units. Landlord paid utilities (projectscheduled to separate all electric, steam furnace (gas). Coin-oplaundry.
425 S Main Street is a 10,124 SF eight unit multifamily propertyconsisting of a studio, 5 one bedrooms & 2 two bedroom units.Landlord paid gas (steam) & tenant paid electric. Coin-op laundry.
2 Academy Ave is a 8,504 SF 10 unit multifamily property consistingon all one bedroom units. Tenant paid utilities except hot water.Coin-op laundry.
LLOCAOCATION DESCRIPTIONTION DESCRIPTION
Located an hour north of Boston, Haverhill is a quaint city along theMassachusetts-New Hampshire border. The Merrimack River dividesHaverhill into two sections, complementing the town’s abundance ofnatural beauty. The rivers and lakes in Haverhill offer opportunitiesfor swimming, fishing, boating, and even ice skating.
Along with several parks and lakes, Haverhill is filled with countryclubs and golf clubs. Ski Bradford located in the southern part oftown, offering a small hill for big-time winter fun. This cozy cityenjoys a variety of apartment and condo rentals, ranging from luxurylofts to charming, brick houses.
Downtown Haverhill is filled with unique shops, restaurants, andnightlife venues in beautiful historic buildings, nestled along theshores of the Merrimack River. When residents need to make a tripout of town for work or play, locals have easy access to theMassachusetts Bay Transportation Authority’s commuter rail.
HAHAVERHILL MULVERHILL MULTIFTIFAMILAMILY PORTFOLIOY PORTFOLIO | HAVERHILL, MA 01830 AND 01835 | FOR SALE
PROPERTY DESCRIPTIONPROPERTY DESCRIPTION
5
87 Webster Street 2 Academy Avenue
425 South Main Street 445 South Main Street
HAHAVERHILL MULVERHILL MULTIFTIFAMILAMILY PORTFOLIOY PORTFOLIO | HAVERHILL, MA 01830 AND 01835 | FOR SALE
ADDITIONAL PHOADDITIONAL PHOTTOOSS
6
Webster Laundry Webster Bathroom
Webster Kitchen Webster Living Room
HAHAVERHILL MULVERHILL MULTIFTIFAMILAMILY PORTFOLIOY PORTFOLIO | HAVERHILL, MA 01830 AND 01835 | FOR SALE
ADDITIONAL PHOADDITIONAL PHOTTOOSS
7
UNIT TYPEUNIT TYPE CCOUNTOUNT % T% TOOTTALAL AAVERAVERAGE RENTGE RENT LLOOWESWEST RENTT RENT HIGHESHIGHEST RENTT RENT MARKET RENTMARKET RENT