122 Bridge St, Beverly, MA 01915
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$1,450,000
6 Unit
9 Beds
6 Baths
3654 SQFT
0.15 Acre

Property Description

This two-story six-family has been in the same ownership for 31 years. The property boasts a rentable square footage of 3,654± SF with a total gross of 5,691± SF. It consists of Three (3) studios, one (1) one-bedroom+den, one (1) two-bedroom, and one (1) three-bedroom unit. The property offers a balcony, coin-op laundry, 8 surface parking spots, and 1 garage. This property offers investors a value-add opportunity with under-market rents within a supply-restrained prime location. The asset is near the Cummings Center, Lahey Medical, and Beverly Depot, with various transportation options and accessibility to all major thoroughfares.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 7
  • Total Bedrooms: 9
  • Total Full Baths: 6

Financial

  • APOD Available: Yes
  • Gross Operating Income: 116700
  • Gross Expenses: 30092
  • GSE: 1668
  • Electric Expenses: 1611
  • Water/Sewer: 2426
  • INSC: 4200
  • Repairs & Maintenance: 4200
  • RFS: 600
  • Management Fee: 3605
  • Net Operating Income: 90067

Utilities

  • Electric Info: 200 Amps
  • 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: Unknown
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Unknown
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5-9 Family
  • Foundation Info: Fieldstone, Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73317306
  • Last Updated: 12/08/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/08/2024Active$1,450,000$397MLSPIN
12/04/2024New$1,450,000$397MLSPIN

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Seller's Representative: Sara Pouladian, North Shore Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-08 03:05:00