322 Broadway Methuen, MA

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Broadway, Methuen, Home For Sale

Price: $850,000
Address: 322 Broadway
City: Methuen
State: MA
Zip:
Bathrooms: 5.5
Bedrooms: 6
Condition: Resale
Fee: No
Provided By: RealtyWW

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. Dont miss out on this investment in a thriving community!For more details: https://realtyww.info/homes_methuen-d200838/for-sale_i76155026

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