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Home Massachusetts Beverly Multi-Family Homes for Sale

352 Cabot St Beverly, MA 01915
352 Cabot St, Beverly, MA
SOLD 9/3/2424
0
This Property is No Longer Available
352 Cabot St, Beverly, MA 01915
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$1,200,000
*Sale Price
4 Unit
6 Beds
4 Baths
2853 SQFT
0.13 Acre

Property Description

This 3-story four-family has had the same ownership for 40 years and has been well maintained. The property boasts a rentable square footage of 2,853± with a total gross of 4,248± SF. The property consists of two (2) two-bedroom units, one (1) one-bedroom unit and one (1) studio. The property offers a yard space, private balcony, tenants coin-op laundry, as well as 5-6 surface parking spots. Each unit is separately metered for gas heat/hot water with hot water heaters replaced over the past 2-3 years. This property offers investors a value-add opportunity with under-market rents currently in place within a supply restrained prime location. The asset is in close proximity to the Cummings Center, Lahey Medical and Beverly Depot with various transportation options and accessible to all major thoroughfares.
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Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 8
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Amenities: Bike Path, Highway Access, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Gross Operating Income: 90900
  • Gross Expenses: 6002
  • Electric Expenses: 271
  • Water/Sewer: 980
  • INSC: 4000
  • Repairs & Maintenance: 2000
  • RFS: 400
  • Net Operating Income: 72204

Utilities

  • Electric Info: 200 Amps
  • Energy Features: Insulated Doors, Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73269879
  • Last Updated: 09/03/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/03/2024Sold$1,200,000$421MLSPIN
08/08/2024Under Agreement$1,200,000$421MLSPIN
07/30/2024Active$1,200,000$421MLSPIN
07/26/2024New$1,200,000$421MLSPIN

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Map

Seller's Representative: Dan Pouladian, North Shore Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-09-03 09:22:00

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