3,150,000

62 Wingate Street, a 13-unit mixed-use property in downtown Haverhill, Massachusetts, set within the Wingate Street arts district on the north bank of the Merrimack River - a short walk from the city's MBTA Haverhill Line and Amtrak Downeaster station. The property holds eleven residential apartments - two three bedroom units and nine two-bedroom units - above two commercial storefronts. Brick construction, a membrane flat roof, gas forced hot air heat, and elevator service support the four-story building, which dates to 1900, and a common laundry room adds an ancillary income stream. For an investor, 62 Wingate Street pairs two income streams - stable residential demand and street-level commercial rent - with in-place residential rents that sit below market, offering a value-add path as leases roll in a downtown location served by commuter rail. Please reach out to the deal contacts for more information.