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Arrowpoint at South Grove

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Overview

Nestled in the vibrant city of Haverhill, 2 South Grove Street is a well-located multi-unit residential building, offering convenient access to downtown and a thriving community. The property was developed between 2018-2021 and features 40 units, each designed with modern living in mind, and is situated just a short walk from the heart of downtown Haverhill, home to a variety of popular restaurants, shops, and local amenities. 2 South Grove consists of 14 one bedroom, 16 two bedroom and 10 two bedroom town house units. Each unit has access to the garage in accordance to the amount of bedrooms. All units are equipped with stainless steel appliances, laundry, mini splits for heating and cooling and separately metered units with tenants being responsible for rent, electric and hot water.

Accepted Investors

Accredited

Institutional

Raise Close Date

4/3/2025

Regulation Type

506C

Deal Type

Syndication

Asset Location(s)

Massachusetts

Asset Class(es)

Multifamily

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Arrowpoint Properties

Details

Target Raise$3.7M
Close Date4/3/2025
Min Investment$100,000
Target IRR18% - 20%
Target Hold Period3 years - 5 years
Target Equity Multiple1.7x - 2x
Target Cash-on-Cash5% - 8%

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