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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,853 sqft
Price per Sqft $420
MLS Listing ID 73269879
Sold Date 08/30/24
Bedrooms 6
Full Baths 4
Year Built 1920
Annual Tax Amount $8,967
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
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.
Location
State MA
County Essex
Zoning RMD
Direction Cabot Street
Rooms
Basement Full
Exterior
Exterior Feature Balcony
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Public School, T-Station, University
Waterfront false
Waterfront Description Beach Front,Harbor,Ocean,1/10 to 3/10 To Beach,Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 6
Garage No
Building
Story 8
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Sara Pouladian • North Shore Realty Advisors