Land For Sale in Haverhill, Massachusetts

Property # 216032

Available

$3,222,000.00

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Property Information
Property Sub-Type	Commercial Multi-Family Residential
Other Land	n.a.
Property Name	Tenney Place
Property Address 1	503 West Lowell Ave.
Property Address 2	n.a.
Property Town/City	Haverhill
Property County	Essex
Property State	Massachusetts
Property ZIP/Postal Code	01832
MLS #	2650064
Section/Block/Lot	Map 581, Lots 1-4
Zoning	Residential 40B override
Lot Size Acres	37
Lot Frontage Ft.	n.a.
Lot Depth Ft.	n.a.
No. Lots	n.a.
Current Use	Vacant/Owner-Used
Best Use	Chapter 40B Residential
Environmental Issues	n.a.
Utilities	n.a.
Water	Municipal
Sewer	Municipal
Property Description	Fully approved 179 unit residential apartment or condo project just off I-495. Potential for apartment community or condominium ownership. 3 buildings with 58 units each on 37.4 acres. Parking under buildings. 21 1-bedroom, 1-bath units, 153 2-bedroom, 2-bath units & 5 townhomes.
Area Description	From I-495, Take Exit 49 (Rt. 113/Route 110), Take River St. (Route 110) to West. Go .3 miles and turn right onto Hunter Avenue. Go 500 feet to West Lowell Avenue and then turn left. Property is including and behind 495 West Lowell on right.
Financial Information
Sales Price $	$3,222,000.00
Gross Revenue $	n.a.
Total Expenses $	n.a.
Taxes $	n.a.
Net Operating Income $	n.a.
Cap Rate	0.00%
Price Per Sq. Ft. $	n.a.
Year Ending	n.a.
1031 Exchange?	n.a.
Financing/Terms	n.a.
Major Tenants
Tenant #1 n.a. Sq. Ft. #1 n.a. Lease Ends #1 n.a. Tenant #2 n.a. Sq. Ft. #2 n.a. Lease Ends #2 n.a. Tenant #3 n.a. Sq. Ft. #3 n.a. Lease Ends #3 n.a. Tenant #4 n.a. Sq. Ft. #4 n.a. Lease Ends #4 n.a. Tenant #5 n.a. Sq. Ft. #5 n.a. Lease Ends #5 n.a. This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information.