NOT LISTED FOR SALE

13 Nichols St Haverhill, MA 01830

Lower Acres Neighborhood
11 Beds
6 Baths
4,366 Sq Ft
5,902 Sq Ft Lot

Last Sold October 31, 2023

Last sale price $840,000 $192 Per Sq Ft

4 Days on Market

Highlights

  • Property is near public transit
  • Shops
  • Level Lot

About This Home

As of October 2023

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

Last Agent to Sell the Property

Mike Wetherbee

Cameron Real Estate Group Listed on: 09/07/2023

Cameron Real Estate Group

Co-Listed By

Jason Goldfarb

United Brokers

Last Buyer's Agent

Jose Frias

Realty ONE Group Nest

Realty ONE Group Nest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,339

Year Built

  • Built in 1850

Lot Details

  • 5,902 Sq Ft Lot
  • Level Lot

Home Design

  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,366 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $7,775
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:0608 B:00485 L:7,1932874

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Shops

Building Details

  • Operating Expense $27,885
  • Net Operating Income $63,615

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,339

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1850
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Interior Amenities: Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator)
  • Total Bedrooms: 11
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full
  • Living Area: 4366
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AC0756
  • LIST PRICE PER Sq Ft: 205.91
  • PRICE PER Sq Ft: 192.4
  • MAIN SO: AN6420

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0608 B:00485 L:7,1932874
  • Zoning: RU
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 5902
  • Lot Size Units: Acres
  • PAGE: 124
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6339
  • Tax Book Number: 41304

Multi Family

  • Gross Income: 91500
  • Net Operating Income: 63615
  • Number Of Units Total: 6
  • Operating Expense: 27885
  • Total Actual Rent: 7775
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 3
  • FLRS 2: 2

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $840,000 -6.6% $192 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $899,000 -- $206 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Wetherbee

    Seller's Agent in 2023

    Mike Wetherbee

    Cameron Real Estate Group

    (978) 361-7476

    3 in this area

    79 Total Sales

    Mike Wetherbee
    Section Image
  • Jason Goldfarb

    Seller Co-Listing Agent in 2023

    Jason Goldfarb

    United Brokers

    (978) 406-9778

    1 in this area

    67 Total Sales

    Jason Goldfarb
    Section Image
  • Jose Frias

    Buyer's Agent in 2023

    Jose Frias

    Realty ONE Group Nest

    (978) 902-1561

    3 in this area

    124 Total Sales

    Jose Frias
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73156529

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Haverhill 01830 Lower Acres

13 Nichols St, Haverhill, MA

This home is located at 13 Nichols St, Haverhill, MA 01830 since 07 September 2023. This property was built in 1850. 13 Nichols St is a home located in Essex County with nearby schools including Golden Hill, Dr. Paul Nettle Middle School, and Haverhill High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, 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, 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. 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.

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