26 Broadway
- Full Gut Renovation and Conversion into a 36-Unit Residential Building
- 28 Studio Units & 8 One-Bedroom Units
- Large Parking Lot Directly Across the Street
- Dedicated Gym Space Leased to a Youth Basketball Program
- MBTA Commuter Rail with direct service to Boston
- Compelling Long-Term Hold Opportunity
Property Description
Northeast Private Client Group is pleased to present the Saint Joseph's School Apartments located at 26 Broadway in Haverhill, MA. 26 Broadway is a fully renovated mixed-use property located in the heart of downtown Haverhill. Ownership completed a full gut renovation, converting the building into 36 residential units comprised of 28 studio apartments and 8 one-bedroom units, with initial tenant occupancy beginning in January 2023. The asset offers modern construction, efficient systems, and minimal near-term capital requirements. All residential units are separately metered for electricity, each with its own hot water heater and individual mini-split systems providing heating and cooling. These features allow for efficient expense pass-through, independent tenant climate control, and streamlined property management. The property also includes a dedicated gym space that is leased to a youth basketball program, providing a stable non-residential income component and enhancing the mixed-use nature of the asset. Each residential unit is allocated one on-site parking space, a significant amenity in a downtown setting. In addition, ownership includes a large parking lot directly across the street, which supports parking for the basketball program and provides flexibility for additional parking or future use.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $8,900,000 |
| No. of Units: | 37 |
| Year Built: | 1912 |
| Lot Size: | 0.96 Acres |
| Opportunity Zone: | No |
| Price per unit: | $240,541 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
5 Units in Turner Falls MA
73-77 4th Street Turner Falls, Massachusetts
883 Center Street
Wolfeboro, New Hampshire
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout