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Closed

63 Varnum St, Haverhill MA 01832

$499,000

Estimated $1,152.05/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $249,500

Total Rent: 42384/year

Estimated CAP Rate: 7.67%

6 Bedrooms

2 Full Baths

2,099 SqFt

Total Parking: 0

1,590 SqFt

Looking for an investment opportunity or to owner occupy with rental income potential? Don't miss this 2-family property located on a quiet street in Haverhill, MA. Conveniently located near downtown Haverhill, shopping, restaurants, and major highways, this property is ideal for commuters and anyone looking for easy access to local amenities. Both units feature 3 bedrooms, 1 bathroom, living room, and in-unit laundry hookups. The second unit has living space on the second and third floors, as well as an opportunity to add a 4th/5th bedroom while maintaining a living space. Roof, plumbing, and full de-leading compliance completed in 2011. Water heaters were replaced within the past few years. The property is in need of some TLC but great value for the new owner. Long-term tenants have been in place for 10+ years. Open House Sat 4/15 and Sun 4/16 12-2 pm. Offers due Monday 4/17 by 8pm

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 6:01am (Source: MLS PIN #73096926)

Gross Income: $42,384

Gross Expenses: $4,115

Net Income Calc: $38,269

CAP Rate: 7.67%

Annual Expenses for 63 Varnum St, Haverhill MA 01832

Total Gross Expenses (Calculated)$4,115/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,115

Annual Income & Unit Breakdown for 63 Varnum St, Haverhill MA 01832

Total Gross Income (Calculated)$42,384

Unit 1

Rental Income$1,699

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,833

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 63 Varnum St, Haverhill MA 01832

Listing ID73096926

Property TypeMulti Family / 2 Family

Price$499,000 ($237.73/SqFt)

Style2 Family - 2 Units Up/down

CityHaverhill

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,099 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking0

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRU

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 63 Varnum St, Haverhill MA 01832

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureFirst unit is on bottom floor - second unit has li

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$42,384

Total Net Income By Broker$42,384

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 63 Varnum St, Haverhill MA 01832

Real Estate Taxes$4,115

Tax Year2023

Assessed Value$369,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$42,384

BostonRealEstate.com Gross Income

Total Net Income By Broker$42,384

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.67%

Location Information for 63 Varnum St, Haverhill MA 01832

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 63 Varnum St, Haverhill MA 01832

Agent

Name: Mark Gullifer

Office

Name: Cameron Real Estate Group - Framingham

Phone: 857-331-5127

Payment Calculator

, Interest

Property Taxes 342.92

Principal & Interest 3074.68

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cameron Real Estate Group - Framingham

Mark Gullifer

Agent Phone

Office Phone

(857) 331-5127

Text Agent Call Agent Call Office

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EXIT