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Opportunity knocks for investors and owner occupants alike at this rare 9 BR 3 family - welcome to your next cash cow! Just blocks from the heart of Haverhill, this property offers easy access to trendy dining, the Riverwalk, and retail anchors. Hyper transient oriented & pedestrian friendly neighborhood <1mi to MBTA commuter rail, and steps to various bus lines. Close to the action, but tucked away on a side-street without through traffic! All separate utilities, updated plumbing and electric, gas heat throughout, replacement windows. 1st and 2nd floors feature spacious, approachable floorplans w large living rooms and eat-in kitchens. 3rd fl smaller, but still true 3bd layout. Plenty of storage & laundry in basement. Excellent shared yard & newly paved driveway for 2-3 vehicles. Market rent ~6300+/month puts would put this at 7% cap with plenty of room to grow with strategic improvements. An exceptional portfolio piece, or a house hacker's dream in one of the MV's hottest locales!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $640,000 | $640,000 | $640,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $596 | $596 | $596 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,941 | $4,098 | $5,358 |
| Total Monthly Payment | $4,629 | $4,786 | $6,046 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.