322 Broadway Methuen, MA 01844
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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!
| 3 weeks ago | Price changed to $825,000 | |
| 3 weeks ago | Status changed to Active | |
| a month ago | Listing first seen online | |
| a month ago | Listing updated with changes from the MLS® |
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Data Last Updated at 2024-10-22 12:00 AM UTC
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