Rare opportunity to purchase this well-maintained c.1920 4-Family gem in downtown Beverly. Turnkey investment property with strong cash flow on Side street between Cabot and Rantoul makes you forget how close you are to the vibrant downtown! Only 0.3 mile to Beverly Depot & 0.5 mile to the waterfront. All 4 units feature views of the terraced backyard and mature trees. Recent major upgrades include all new electric service/panels (2018), new gas boiler (2019), new gas water heater, all new gutters, and rebuilt chimneys (2020). With a mixture of appealing 1 and 2 bedroom units, 3-car off-street parking, and coin-op laundry, it’s perfect for the savvy investor or owner-occupier. One of the apartments has a private entrance and deck for privacy. The peaceful backyard is perfect for gardening, barbecuing, games or just sunbathing.
Sale Statistics
Sale Overview
Original List Price:$1,200,000
Final Sale Price:$1,100,000
Difference:
$100,000 (-8.3%)
Performance Metrics
91.7%
List to Sale Ratio
Sold below asking price
77
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:$345
Sale $/sq ft:$317
This property sold for $317 per square foot
Sale Summary
This property sold for 8.3% below the original asking price.
The property spent 77 days on market before selling.
Facts & Features
Property Overview
Property Type
4 Family
Property Category
Residential Income
Year Built
1920
Bedrooms
6
Full Bathrooms
5
Living Area
3,475 sq ft
Total Rooms
15
Stories
4
Levels
4
Interior Features
Flooring
Wood, Tile, Vinyl
Heating
Steam, Natural Gas, Forced Air, Oil, Electric
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Refrigerator
Interior Features
Bathroom With Tub & Shower, Remodeled, Walk-Up Attic, Bathroom with Shower Stall, Living Room, Kitchen, Dining Room
Basement Details
Full, Concrete
Window Features
Insulated Windows
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Foundation Area
1,152 sq ft
Exterior Features
Rain Gutters, Stone Wall
Patio/Porch Features
Deck
Has Spa
No
Waterfront Features
Beach Access, Ocean, Walk to, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.11 acres
Lot Size
4,805 sq ft
Lot Size Area
0.1100
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
3
Parking Features
Paved Drive, Off Street
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, Individually Metered
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
