Sold!
$2,200,000
8
Beds
4/4
Baths
9,202
Living Area
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Property Description
Located in the heart of Downtown Beverly, MA, this 3-story mixed-use asset consisting of eight (8) units is a rare find and has not been available for sale since 1990. This generational asset has been well maintained and numerous improvements have been made to the property. The property boasts a rentable square footage of 9,202±, with a total gross of 10,176 ± SF. The property consists of four (4) high-end two-bedroom units, two (2) storefront retail units with high visibility and two (2) industrial units facing Park Street. The property offers their residence coin-op laundry facilities, and twenty-two (22) off-street parking with entrance from Park Street. Each unit is separately metered for gas heat / hot water and electricity. Some notable capital improvements completed in 2023 consist of a new rubber membrane roof, new front façade, two residential units completely renovated, window replacements and commercial space build-out. The asset offers a turn-key prime investment.
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Highlights
- Parking Spots: 22
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1900
- Property Class: Residential Income
- Total Rooms: 20
- Status: Closed
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Additional Details
- Basement: Full, Finished, Walk-Out Access, Concrete
- Fireplaces: 4
- Foundation: Stone
- Total Number of Units: 8
- Year Built Source: Public Records
- Exterior Features: Balcony
- Flooring: Tile, Vinyl, Hardwood
- Road Frontage Type: Public
- Year Built Details: Actual
- Zoning: Cc
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, T-Station
- Waterfront Features: Beach Front, Harbor, Ocean, 0 to 1/10 Mile To Beach
- Parking Features: Paved Drive, Off Street, Leased, Assigned, Paved
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,251,600
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $15,510
- Buyer Agent Compensation: 1.5%
- Facilitator Compensation: 1%
- Taxes: $14,055
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of North Shore Realty Advisors.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
