NOT LISTED FOR SALE

37 Freeman St Haverhill, MA 01832

Mount Washington Neighborhood
15 Beds
5 Baths
5,710 Sq Ft
5,314 Sq Ft Lot

Last Sold May 17, 2023

Last sale price $1,100,000 $193 Per Sq Ft

8 Days on Market

About This Home

As of May 2023

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!

Last Agent to Sell the Property

Nick Cowden

Compass Listed on: 03/21/2023

Compass

Last Buyer's Agent

ZAHIDUL ISLAM

Cameron Prestige, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,565

Year Built

  • Built in 1900

Lot Details

  • 5,314 Sq Ft Lot
  • Sloped Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 5,710 Sq Ft Home
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 5 Full Bathrooms

Additional Features

  • Porch
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $9,100
  • Assessor Parcel Number 1926451

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Building Details

  • Electric Expense $332
  • Insurance Expense $5,578
  • Water Sewer Expense $3,945
  • Operating Expense $27,142
  • Net Operating Income $82,058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,565

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Other (See Remarks)
  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 15
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Interior Entry
  • Living Area: 5710
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN2383
  • MAIN SO: AN4281

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3945

Lot Info

  • Parcel Number: 1926451
  • Zoning: 111
  • Farm Land Area Units: Square Feet
  • Lot Features: Sloped
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5314
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8565

Multi Family

  • Electric Expense: 332
  • Insurance Expense: 5578
  • Net Operating Income: 82058
  • Number Of Units Total: 5
  • Operating Expense: 27142
  • Total Actual Rent: 9100
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 1

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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 List to Sale Price per Sq Ft Prior Sale
05/17/2023 05/17/23 Sold $1,100,000 +10.6% $193 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $995,000 +51.7% $174 / Sq Ft
11/17/2020 11/17/20 Sold $656,000 -6.3% $115 / Sq Ft View Prior Sale
09/30/2020 09/30/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $699,900 -- $123 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nick Cowden

    Compass

    Section Image
  • ZAHIDUL ISLAM

    Buyer's Agent in 2023

    ZAHIDUL ISLAM

    Cameron Prestige, LLC

    (857) 891-4053

    2 in this area

    114 Total Sales

    ZAHIDUL ISLAM
    Section Image
  • Tyler Scaglione

    Seller's Agent in 2020

    Tyler Scaglione

    Cameron Real Estate Group

    (781) 412-1980

    512 Total Sales

    Tyler Scaglione
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73089788

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Haverhill 01832 Mount Washington

37 Freeman St, Haverhill, MA

Not Listed for Sale

MultiFamily

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