Brought to you by: GaryBlattbergTeam.com - RE/MAX 360
100 Cummings Center Suite 104F
Beverly, MA 01915

978-852-5077   
Website: http://www.listyourproperty.net
Email: Gary@listyourproperty.net
  Home  

 
Sep-22-2021 04:03:54 pm Contact Agent Request Showing
Property Image

Previous Photo     1 of 30     Next Photo        Start Slideshow

Print Photo Sheet: 1   2   3   4   5   All  


Beverly, MA. 01915


MLS # 72817578 - Sold
Multi-Family 5-9 Family    

List Price $1,250,000 Days on Market  
List Date   # Units 6
Sale Price $1,070,000 # Floors  
Sold Date 7/15/21 Rooms 25
Assessed Value $1,152,500 Bedrooms 18
Gross Living Area 5,484SF Full Baths 6
Lot Size 3,920SF Half Baths 0
Taxes $14,636.75 Fireplaces  
Tax Year 2021 Basement Yes
Zoning cc Waterfront No
Est. Street Front   Beach Nearby No
Year Built 1920 Parking Spaces 0
    Garage Spaces 0

Remarks:

This fully updated investment property features 6-three bedroom apartments with updated kitchens with granite countertops, stainless appliances and in unit laundry .All units are approx. 914SF each. This property presents an opportunity to acquire a fully leased & renovated property with current lead certificates. Provides affordable housing opportunity. This is a permanent deed restricted property where the rents are set by state and published annually, 2 units at 80% AMI and 4 units at 60% AMI. High efficiency gas heat & hot water, monitored fire alarm system add to the benefit of ownership. Covid restrictions apply.

Features
Amenities   Public
   Transportation,
   Shopping, Medical
   Facility, Public School
Basement   Full, Interior
   Access
Construction   Frame
Foundation   Granite,
   Other (See Remarks)
Hot Water   Natural Gas
Lead Paint   Certified
   Treated
Lot   Paved Drive
Parking   On Street
   Without Permit
Road   Public
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Gas Range
Units
Unit 1 Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer; Bedrooms: 3; Floor: 1;
     Full Baths: 1; Interior: Lead Certification Available, Hardwood Floors, Upgraded Cabinets,
     Upgraded Countertops, Bathroom With Tub & Shower, Remodeled; Lease: Yes; Levels: 1; Rent: 1425;
     Rooms: 5; Rooms Desc.: Living Room, Kitchen, Laundry
Unit 2 Appliances: Range, Microwave, Refrigerator, Washer, Dryer; Bedrooms: 3; Floor: 1; Full Baths: 1;
     Interior: Hardwood Floors, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower,
     Remodeled; Lease: Yes; Levels: 1; Rent: 1425; Rooms: 5; Rooms Desc.: Living Room, Kitchen, Laundry
Unit 3 Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer; Bedrooms: 3; Floor: 2;
     Full Baths: 1; Interior: Cable TV Available, Hardwood Floors, Upgraded Cabinets, Upgraded
     Countertops, Bathroom With Tub & Shower, Remodeled; Lease: Yes; Levels: 1; Rent: 1932; Rooms: 5;
     Rooms Desc.: Living Room, Kitchen, Laundry
Unit 4 Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer; Bedrooms: 3; Floor: 2;
     Full Baths: 1; Interior: Cable TV Available, Lead Certification Available, Hardwood Floors,
     Upgraded Cabinets, Upgraded Countertops, Remodeled; Lease: Yes; Levels: 1; Rent: 1932; Rooms: 5;
     Rooms Desc.: Living Room, Kitchen, Laundry
Financial Info
Electricity   $350
Expenses Year End   12/20
Gross Expenses   $33,214
Gross Oper. Income  
   $114,768
Heat   $6,925
Insurance   $5,285
Net Oper. Income   $75,816
Repairs & Maint.   $1,200
Water   $4,135
Additional Information
APOD Available?   Yes
Anticipated Sale Date  
   07/14/2021
Deed   Book: 36674, Page:
   25
Disclosures   permanent
   deed restrictions on
   rental income. see
   paperclip
Foreclosure   No
GLA Source   Measured
Identifier   Map: 20, Lot:
    201
Off Market Date   6/1/21
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.  
   Renovated Since
Year Built Source   Public
   Record

click here to view map in a new window

Property Last Updated by Listing Office: 7/16/21 9:32am

Courtesy: MLSPIN

Contact agent for more information about this listing
Listing Office: Herrick Lutts Realty Partners Listing Agent: Herrick Lutts Realty Partners


Loan Calculator
Total Price $
Down Payment $
Principal $
Interest %
Period (years)

Monthly Payment $
Monthly Taxes $

 

Per MLS Rules, only Members can view ALL the property information and use ALL search engine features.
Sign up now for a free account!    Already a Member? Click here to login
Use the Property Search button to access our Public Web Site and search all MLS properties for sale. You must become a Member to: View Addresses, Agents Remarks and Other Listing Information; Analyze Properties; save properties to your Hot Properties Portfolio; receive Hot Property Alerts whenever a property status changes; be sent Daily Email Updates for all properties matching your search criteria; use Advanced Searches with 23 different search criteria and access many other features. Membership is Free, so join now!



The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.