Sold

593 Cabot Street, Beverly, MA

Beverly · MA 01915

$555,000
Price
5
Beds
3.5
Baths
2807
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1930
Units: 4 Units
Lot size: 5,182 Sq.Ft Lot
Price per square foot: $221 / Sq.Ft
Parking: 6 Off Street Spaces

About this home

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). Property has Certificate of Inspection from Beverly building dept.

Neighborhood & Transit

593 Cabot Street, Beverly · MA 01915

Nearby transit

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

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
2491 days
Listing Price:
$619,900
Price per Sq.Ft:
$221
Tax Assessment:
$470,100 in 2019
Taxes:
$518 / Monthly

Home Facts

Interior Features

Bedrooms
5
Full Bathrooms
3
Half Bathrooms
1
Living Area
2,807 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
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
5,182 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
6 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

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

Listing information

Listing agent
Bernard Starr
Listing office
Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS PIN #
72409890