Outstanding investment opportunity to acquire a professionally managed, fully leased 6-unit mixed-use property in a desirable Haverhill location. Currently generating $153,600 in annual gross income, this well-maintained asset offers immediate cash flow with additional upside through potential rent increases on two residential units. The property consists of four residential apartments and two commercial spaces occupied by a restaurant and a barbershop, with the barbershop currently undergoing a tenant-funded buildout. All residential units have been updated within the last several years, and the building is certified de-leaded. Additional features include separate utilities, a monitored fire alarm system, ample on-site parking, and a detached garage providing valuable storage space that could be leased for additional income. Group Showing is scheduled for Thursday 6/25 at 12PM, please reach out to register.
135 Lafayette Sq, Haverhill, MA, 01832
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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