29 Realty Group, Inc.
Kathleen Durden, 29 Realty Group, Inc.Phone: (781) 686-5839
Email: kmdurden7@gmail.com
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listing
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MultifamilyFor Sale
$825,000
322 Broadway
Methuen, MA 01844
Courtesy of Tower Hill Ventures LLC - Jolmi Minaya
MLS Property Information Network
6Beds
5Full1Half Baths
2,762Sq Ft
Est. Mortgage
$4,359/mo

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!

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Information courtesy of Tower Hill Ventures LLC is subject to verification and is not guaranteed.
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