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Unit Information
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
- Living Levels: 6
- Parking
- Garage: 1
- Garage Capacity: 1
- Parking: Paved Drive, Off Street, Paved
- Parking Spaces: 12
- Rooms and Dimensions
- Total Units: 5
- Total Floors: 6
- Total Rooms: 14
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$825,000
- Listing ID: 73289422
- Bedrooms: 6
- Full Baths: 5
- Half Baths: 1
- Living Area: 2,762 sqft Convert
- Lot Size: 9,060 sqft Convert
- Acres: 0.21
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |