The Cabot Collection
$22,000,000
99
Beds
81
Baths
52,603
Sqft
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$22,000,000
99
Beds
81
Baths
52,603
Living Area
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Property Description
The Cabot Collection includes 8 properties located at 39 Railroad Ave, 5 Pleasant St, and 62, 64, 66, 80, 84 and 130 Cabot St. The Portfolio consists of 3 commercial units, 8 Studio units, (42) 1-Bed units, (22) 2-Bed units, and (2) 3-Bed units, for a total of 77 units centered around Cabot Street in Downtown Beverly, which satisfies the high demand for workforce housing in the Boston/North Shore real estate market. Over the last several years, approximately 68 of the 77 units have been renovated, and more than half of the properties feature newer roofs, most common areas have been cosmetically upgraded and many of the kitchens have been redone with modern upgrades. The opportunity exists to continue with the programmatic upgrade of the residential units to push rental rates in a high demand/limited supply market. The Cabot Collection offers investors the rare opportunity to acquire a critical mass of investment properties in a supply-constrained downtown market within the Boston MSA.
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Highlights
- Acres: 1
- Parking Spots: 72
- Property Type: 5+ Family - 5+ Units Side by Side
- Total Rooms: 99
- Status: Active
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1890
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Additional Details
- Foundation: Other
- Roof: Shingle, Rubber
- Total Number of Units: 77
- Year Built Source: Public Records
- Lot Features: Other
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Rhd & Cc
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
- Parking Features: Off Street
- Covered Parking Spaces: 2
- Waterfront Features: Harbor, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
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Utilities
- Electric: Common, Individually Metered, Other (See Remarks)
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $16,480,000
- Compensation Based On: Net Sale Price
- Tax Year: 2025
- Total Rent: $32,767
- Buyer Agent Compensation: 1%
- Rental Fee Includes: Unit 1(Heat, Gas, Water, Hot Water), Unit 2(Heat, Gas, Water, Hot Water)
- Taxes: $194,667
Content © 2025 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 Horvath & Tremblay.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.