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.
Sale Statistics
Sale Overview
Original List Price:$1,200,000
Final Sale Price:$1,200,000
Difference:
+$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
12
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$421
Sale $/sq ft:$421
This property sold for $421 per square foot
Sale Summary
This property sold exactly at the asking price.
With only 12 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
4 Family
Property Category
Residential Income
Year Built
1920
Bedrooms
6
Full Bathrooms
4
Living Area
2,853 sq ft
Total Rooms
14
Stories
4
Levels
4
Interior Features
Has Fireplace
No
Basement Details
Full
Window Features
Insulated Windows
Door Features
Insulated Doors
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Balcony
Has Spa
No
Waterfront Features
Harbor, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.13 acres
Lot Size
5,519 sq ft
Lot Size Area
0.1300
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Paved Drive, Off Street
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Electric
200+ Amp Service
Energy Efficient Features
Varies per Unit
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Public School, T-Station, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$8,967
Tax Year
2024
Tax Assessed Value
$798,500
Parcel Number
M:0020 B:0194 L:,4183925
Zoning
RMD
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Insurance number is a high estimate due to a blanket insurance policy on the portfolio, buyer to obtain their own insurance quote.
Location
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Neighborhood
352 Cabot St, Beverly MA 01915
Beverly, MA 01915
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$747
Homeowners Insurance$200
PMI$0
Property History
Market Insights
13
Total Days on Market
Property Timeline
✓
Sold
Aug 30, 2024
$1,200,000
Property sold
Days on Market: 13
🏠
Listed for Sale
Jul 26, 2024
$1,200,000
Original listing
Agent: Dan PouladianOffice: North Shore Realty Advisors
