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Courtesy of:
Tower Hill Ventures LLC, Jolmi Minaya
Listing Sold By:
Tower Hill Ventures LLC
Local Realty Services Provided By:
Keller Williams Realty Success
Overview
What It'll Cost
Neighborhood
Similar Homes
322 Broadway, Methuen, MA 01844
6 Beds
6 Baths
322 Broadway, Methuen, MA 01844
Estimation provided by Keller Williams Realty Inc.
6 Beds
6 Baths
Sold
Sold
Property Description
Discover the potential of 322 Broadway, a well-located multi-family building featuring 5 units on the edge of Methuen's Historic Downtown. This prime property is just under a mile from tax-free Salem, NH, and minutes away from the vibrant Tuscan Village development. With a 7% Cap Rate and rental upside, this property presents a lucrative opportunity for investors. Current leases are below market rates, offering significant room for rental increases by upgrading unit interiors (1 unit will require TLC). Situated in a Qualified Opportunity Zone, this property is ideally positioned in a high-demand, supply-constrained residential market. Generous lot with ample space for potential future enhancements or expansions. This property offers an excellent opportunity to capitalize on a growing area with the potential to enhance value through strategic upgrades. Don’t miss out on this investment in a thriving community!
Property Details
Compare This Home
Overview
Property Type
5-9 Family
Property Size
Year Built
1860
Days on Site
193 Days
HVAC
Baseboard, Window Unit(s), Natural Gas
Parking
12 Parking Spaces
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Estimated Monthly Payment
Purchase Price:
$825,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
10/02/2024
Price Decrease
(-2.94% )
09/12/2024
Listed
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2024
(+2.37% )
Land 141,600 +
Additions 497,400
2023
(-0.09% )
Land 132,700 +
Additions 446,700
2022
(+0.67% )
Land 123,900 +
Additions 396,000
2021
(+2.6% )
Land 115,000 +
Additions 396,000
2019
(+3.58% )
Land 101,800 +
Additions 361,100
2018
(+1.1% )
Land 101,800 +
Additions 342,600
2017
Land 101,800 +
Additions 326,400
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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market snapshot
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Transit & Commute
Estimated commute times from Downtown
Car-Dependent
Walkable
Very Walkable
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