Sold

277 Rantoul St, Beverly, MA

Beverly · MA 01915

$850,000
Price
1
Beds
3
Baths
4050
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1890
Units: 3 Units
Lot size: 4,326 Sq.Ft Lot
Price per square foot: $247 / Sq.Ft
Parking: No Parking

About this home

277 Rantoul Street is a great opportunity to own a Downtown Beverly mixed-use 2-story property. The asset has a strong long-term restaurant and two (2) oversized one-bedroom units. One unit has expansion possibilities of adding another bedroom and bathroom. The property boasts a rentable square footage of 4,050? with a total gross of 6,039? SF. The property consists of two (2) one-bedroom units with open floor plans on the 2nd floor and a restaurant on the first floor. Residential tenants pay all utilities except for water/sewer and trash. The seller pays $25/month towards trash for the residential units, the restaurant covers the remainder of the trash bill. The restaurant is responsible for 50% of water/sewer charges. This property offers investors an ideal Downtown Beverly sound investment. This asset is located near the Cummings Center, Lahey Medical, and Beverly Depot with various transportation options, and is accessible to all major thoroughfares.

Neighborhood & Transit

277 Rantoul St, Beverly · MA 01915

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Beverly Commuter Rail 1 route 0.25 mi
    • Newburyport/Rockport Line

Price Insight

Days on Market:
754 days
Listing Price:
$1,000,000
Price per Sq.Ft:
$247
Tax Assessment:
$817,600 in 2024
Taxes:
$1,205 / Monthly

Home Facts

Interior Features

Bedrooms
1
Full Bathrooms
2
Half Bathrooms
2
Living Area
4,050 Sq.Ft
Broker Disclosure about Living Area
(2)1 bedroom units on the 2nd floor and long time Chinese Restaurant on the 1st floor, RSF 4,050
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
4050
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
4,326 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
None

Construction Details

Construction Type
Unknown
Siding
Aluminum
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Sara Pouladian
Listing office
North Shore Realty Advisors
MLS PIN #
73300874
Disclosure
Two 1 Bedroom units on 2nd floor (TAW) and Restaurant on 1st floor (Lease expires 6/30/27- (has the first right of refusal). Paved driveway not sure on parking spots.
Disclosure
(2)1 bedroom units on the 2nd floor and long time Chinese Restaurant on the 1st floor, RSF 4,050