Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

322 Broadway

Methuen, MA ID #73289422

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322 Broadway

- Methuen, MA ID #73289422

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!

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5-9 Family
  • Zip Code: 01844
  • Taxes: 6,940
  • Living Levels: 6
  • Acres: 0.21

Parking

  • Garage: 1
  • Garage Capacity: 1
  • Parking: Paved Drive, Off Street, Paved
  • Parking Spaces: 12

Rooms/Dimensions

  • Total Units: 5
  • Total Floors: 6
  • Total Rooms: 14

Location

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322 Broadway, Methuen, MA

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Content © 2024 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Jolmi Minaya of Tower Hill Ventures LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.