All offers due Monday (5/13) by 6 PM. Seller reply by Tuesday (5/14) by 6 PM. Final Group showing by appointment only. Monday (5.13), 10 AM – email Listing Broker if you plan to attend the Group showing. A Beverly Cove investment opportunity not to be missed! The perfect blend of superior location with a strong income stream. Only 2 blocks to Dane St Beach and thriving Downtown Beverly. Less than ¾ mile to Beverly MBTA. Three well-maintained contiguous parcels (combined lot 17,228+- sq ft) with 9 units on desirable Hale Street with 20+- car parking to be sold as a package. Eight nicely appointed 2-bedroom apartments & one 1-bedroom apartment. See separate income & expense statement and breakdown of Leases/TAW's. . Can also be purchased with 12 Highland Ave, Beverly. Another outstanding downtown 4-unit property ($1.2M) and 21 Symonds St, Salem. A strong income producing 3-unit in North Salem ($950K).
Sale Statistics
Sale Overview
Original List Price:$2,975,000
Final Sale Price:$3,120,000
Difference:
+$145,000 (+4.9%)
Performance Metrics
104.9%
List to Sale Ratio
Sold above asking price
17
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$422
Sale $/sq ft:$442
This property sold for $442 per square foot
Sale Summary
This property sold for 4.9% above the original asking price, indicating strong buyer demand.
With only 17 days on market, this was a quick sale compared to typical market conditions.
Beach Access, Ocean, Walk to, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.40 acres
Lot Size
17,228 sq ft
Lot Size Area
0.4000
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
20
Parking Features
Paved Drive, Off Street, Driveway, Paved
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 100 Amp Service, Individually Metered, Varies per Unit
Energy Efficient Features
Varies per Unit
Community & HOA
Community Features
Public Transportation, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$25,214
Tax Year
2024
Tax Assessed Value
$2,235,000
Zoning
R6
Financial Data Source
Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Legal 9 unit building. Income & expense statement reflects 11 units & $2640 generated from coin-op. If presenting an offer, please include that Buyer agrees to cooperate w/ the Seller if Seller elects to enter into a 1031 Like Kind Exchange. Offers should be 1 PDF. Do not send links w multiple docs.
