38-40 9th Ave
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8 bedroom home for sale at 38-40 9th Ave, Haverhill, MA 01830

Active

$1,100,000

8 Beds
4 Baths
7 Parking
3,900 sq ft
MLS® # 73559639

Property Summary

This 8 bedroom 4 bathroom residential income property offers 3,900 square feet of living space on a 0.11 acre lot at 38-40 9th Ave, Haverhill, MA 01830. View photos, property details, and additional information here at Tibbetts Real Estate Group.

Property Description

Exceptional investment opportunity in this well-maintained four-unit corner lot property offering immediate value-add potential. With below-market rents, 3 tenant-at-will units, and one owner-occupied unit to be delivered vacant at closing, buyers will have the flexibility to owner-occupy or reposition the property to maximize income. Updates include a 7-year-old roof with new plywood, full ice and water shield, and 30-year architectural shingles. All hot water heaters are direct vent, including two approximately 6 months old, a 2-year-old smart heat pump water heater, and a 5-year-old direct-vent unit. The direct-vent gas furnaces have been professionally serviced annually. The entire left side of the property features 3-year-old double-pane replacement windows, while the opposite side also has double-pane windows. Hardwood flooring is found throughout most of the property, with the exception of one first-floor unit. Electrical service includes three 100-amp panels and one 200-amp panel. The property also has 2 separate driveways to make parking much easier. With tenant at will leases, 1 unit vacant at closing, this property offers an outstanding opportunity to build equity and maximize returns. Open house Sat 8/8 from 12-2!

Property Details

Residential Income
Property Type
$6,397 / yr
Annual Taxes
3,900 sq ft
Living Area
0.11 acres
Lot Size
1900
Year Built
20
Total Rooms
Forced Air
Heating
Brick/Mortar
Foundation
Public
Water
Public Sewer
Sewer

Location of 38-40 9th Ave, Haverhill, MA 01830

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Listing Courtesy of Mike Pettoruto , Realty One Group Nest