Maria DiCarlo - Wakefield, MA Real Estate, Reading, MA Real Estate

593 Cabot Street, Beverly, MA 01915  

Multi-Family
$649,900
Price
4
Units
2,807
Approx. GLA
Great investor opportunity for this 3 family + an additional unit in the front, street level, currently used as a hair salon with a single station. Walking distance to Henry's market, North Beverly Plaza & other shops. Owners unit on the first floor with large fireplaced living room and an extra finished room in the basement along with the laundry. The 2 other 1BR units are on the second floor. The salon has a half bath & kitchenette room and is heated by electric baseboard - it could be used as a home business. Newer roof. Newer single gas boiler & newer gas HW tank for the whole property. Convenient to Rt 128. Within walking distance to North Beverly train station. This property has the potential to produce approximately $5,000/month in income: $2,000/mo for the main unit, $1100/mo for the each of the 1BR units and $800/mo for the salon which yields $60K annually (minus $15,516 annual expenses + any other expenses).
Open House
No scheduled Open Houses
Highlights
Basement Features: Partially Finished
List Price: $649,900
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Active
Beds: 5
Baths: 3
Half Baths: 1
Units: 4
Year Built: 1930
Approx. GLA: 2,807
MLS#: 72409890
Interior
Basement: Yes
Electric Features: Fuses
Fireplaces: 1
Hot Water: Natural Gas, Tank
Rooms: 13
Lead Paint: Unknown
Total Floors: 2
Exterior
Water: No
Acres: 0.12
Lot Size: 5,182.00
Lot Description: Level
Foundation: Fieldstone
Parking Spaces: 6
Parking Features: Off-Street, Tandem
Color: yellow
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Vinyl
Exterior Features: Deck - Wood, Porch
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $470,100
Taxes: $6,210
Tax Year: 2019
Book/Page: 13240/144
Beach
Beach: No
Expenses
Gross Income: $25,550
Gross Expenses: $15,516
Net Income: $9,000
Additional
Disclosure Declaration: No
Disclosure: Rear apartment can be seen on second appointment showings.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 2 1 0 No 1
Unit 2 5 3 1 1 1 0 No 1
Unit 3 3 1 0 2 1 0 No 1 $750
Units Extras
Unit 1
Rent Includes:  Heat, Hot Water  Applicances:  Range  Heating:  Steam, Gas  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Heat, Hot Water  Applicances:  Range  Heating:  Steam, Gas  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Heat, Hot Water  Applicances:  Range  Heating:  Steam, Gas  Rooms:  Living Room, Kitchen 
Map
Area Sales
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The listing office is Berkshire Hathaway HomeServices Commonwealth Real Estate and the listing agent is Bernard Starr. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
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