37-39 Freeman Street

Haverhill, MA 01832

$1,100,000
Last Sold Price
15
Beds
5
Baths
5,710 Sq. Ft.
$193 / Sq. Ft.
5,710
Sq. Ft.
$193
per Sq. Ft.

Description

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,...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!

Listing Agent

  1. Nick Cowden

    Nick Cowden

    Listing Agent

    Compass

Property Details for 37-39 Freeman Street

Town
Haverhill
Area
MA-Haverhill
Garage Spaces
0
Parking Spaces
.00

Location

Sold By Cameron Prestige, LLC, Zahidul Islam

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LISTING UPDATED: 05/17/2023 10:03 PM

Property Details for 37-39 Freeman Street

StatusSold
MLS #73089788
Days on Market27
Taxes$8,565 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1900
CountyEssex County

Location

Sold By Cameron Prestige, LLC, Zahidul Islam

Add your commute

Virtual Tour

Building Information for 37-39 Freeman Street

Stories6Residences5Year Built1900Building Size-Lot Size0.12 AC / 5,314 SF

Payment Calculator

$6,717 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$714

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 37-39 Freeman Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 5710.0
  • Color: Grey
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement Features: Interior Access
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Other (See Remarks)
  • Interior Features: Other (See Remarks)
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Lot Description: Sloped
  • Patio And Porch Features: Porch
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • 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 the Seller.
Tax Information
  • Tax ID: 1926451
  • Assessments: $673,300
  • Book: 39191
  • Tax Year: 2023
  • Zoning: 111
Building / Association Information
Living Characteristics
  • Beds Total: 15
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $332.00
  • Annual Expenses Source: Owner
  • GOI: $109,200.00
  • Insurance: $5,578.00
  • GRE: $27,142
  • MGF: $5,460
  • MSE: $11,826
  • NOI: $82,058.00
  • Operating Expense: $27,142.00
  • WSE: $3,945.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 0
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $9,100.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 37-39 Freeman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 37-39 Freeman Street

Taxable ValueLand$129,700Additions$543,600Total$673,300
Tax Record2023$7,507 ($626 / month)
Home Facts
Baths5Total Finished SqFt5,710 SqFtAbove Grade Finished SqFt5,710 SqFtUnfinished Basement SqFt1,142 SqFtStories3Lot Size5,297 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningTYCountyESSEXAPNHAVE M:0512 B:00278 L:23

Schools near 37-39 Freeman Street

This home is within Haverhill School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 5 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Tilton
PublicK to 3

Consentino Middle School
Public5 to 8

Haverhill High School
Public9 to 12

Silver Hill
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.