99-103 Cedar Street

Haverhill, MA 01830

$1,300,000
Last Sold Price
16
Beds
7
Baths
6,500 Sq. Ft.
$200 / Sq. Ft.
6,500
Sq. Ft.
$200
per Sq. Ft.

Description

Excellent income producing property Legally Re-Zoned & Renovated 7 Unit Multi-Family. This Property Offers Two 3 Bedroom Units and Five 2 Bedroom Units ALL Utilities Separately Metered. Net Operating Income is $107,000. Cap Rate of 12% Potential to Maximize Revenue with Rents Below Market Value. Operating Expenses (Including Taxes, Water, Electric & Insurance) $14,000 Great ROI for a 1031 Exchange. Tenants Responsible for Heat, Hot Water and Electric. 4/7 Units Renovated from Studs Out. Architectural...Excellent income producing property Legally Re-Zoned & Renovated 7 Unit Multi-Family. This Property Offers Two 3 Bedroom Units and Five 2 Bedroom Units ALL Utilities Separately Metered. Net Operating Income is $107,000. Cap Rate of 12% Potential to Maximize Revenue with Rents Below Market Value. Operating Expenses (Including Taxes, Water, Electric & Insurance) $14,000 Great ROI for a 1031 Exchange. Tenants Responsible for Heat, Hot Water and Electric. 4/7 Units Renovated from Studs Out. Architectural Drawings Remain for 3 units to Convert into 3 Bedrooms. All Units Occupied, Tenants at Will. On/Off Street Parking and Private Driveway. All Newly Installed Sprinkler System, Hardwired Fire Detectors, Security Surveillance System, Vinyl Siding, Windows, Doors and Decks (Roof 2011) Convenient Location to Downtown, Commuter Rail, Shops, Restaurants & Highway.
  1. Listed by Jessica Donahue • LAER Realty Partners

Property Details for 99-103 Cedar Street

Town
Haverhill
Area
MA-Haverhill
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10

Location

Listing Courtesy of LAER Realty Partners, Jessica Donahue

Sold By Compass, Nick Cowden

Add your commute
LISTING UPDATED: 08/06/2022 07:41 AM

Property Details for 99-103 Cedar Street

StatusSold
MLS #72844013
Days on Market1
Taxes$7,491 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1870
CountyEssex County

Location

Listing Courtesy of LAER Realty Partners, Jessica Donahue

Sold By Compass, Nick Cowden

Add your commute

Building Information for 99-103 Cedar Street

Stories4Residences7Year Built1870Building Size-Lot Size0.15 AC / 6,512 SF

Payment Calculator

$7,719 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$624

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 99-103 Cedar Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 6500.0
  • Total Units: 7
  • Property Condition: Unit 1 Remodeled
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Pentucket Lake
  • High School: Haverhill High
  • Middle School: Whittier Middle
Features
Interior Features
  • Appliances: Unit 1(Range, Microwave, Countertop Range, Refrigerator - ENERGY STAR, Dishwasher - ENERGY STAR, Vent Hood), Unit 2(Range
  • Basement Features: Walk Out, Unfinished Basement
  • Num of Baths: 7.0
  • Num of Full Baths: 7
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 7.00
  • Bathrooms Total Integer: 7
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Unit 1(undefined)
  • Interior Features: Unit 1(Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Open Floor Plan), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room
Exterior Features
  • Lot Description: Corner Lot
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive
  • Open Parking: Yes
  • Parking Features: Paved Drive
Utilities
  • Cooling: Unit 1(None)
  • Cooling: No
  • Heating: Unit 1(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
Tax Information
  • Tax ID: M:0611 B:00495 L:21
  • Assessments: $537,000
  • Book: 36567
  • Tax Year: 2019
  • Zoning: Resident
Building / Association Information
Living Characteristics
  • Beds Total: 16
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Irregular
  • Heat Units: 7
  • Heat Zones: 7
Income / Expenses
  • GOI: $40,200.00
  • NOI: $40,200.00
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $10,000.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 99-103 Cedar Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 99-103 Cedar Street

This home is within Haverhill School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - 1 to 12
Rating
School
Distance
Pentucket Lake Elementary School
PublicK to 4

Whittier Middle School
Public5 to 8

Haverhill High School
Public9 to 12

Teach
Public1 to 12

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.

Listing Courtesy of LAER Realty Partners, Jessica Donahue

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.