$1,149,000

House for sale Beverly
Property photo number 1 of 6 Photos for Property. File  103930809_29_f887224c4a1355836505050734195716.jpeg

Overview

SUMMARY: Discover an opportunity with this Beverly house for sale and available for $1,149,000. This could be your next ideal home or a smart investment. More details await.
Open House Moved Tuesday 3-5PM: a four-unit multifamily property along Beverly's Cabot Street corridor - close to downtown dining, commuter rail, and North Shore amenities. The mix is two one-bedroom and two two-bedroom units. The property currently generates $6,680/month from
the occupied units, with one unit vacant, and offers projected stabilized rents of approximately $8,080/month. Three of the four units may be delivered vacant, providing flexibility for owner-occupancy, renovation, repositioning, or a reset to market rents, while one unit is held by an existing fixed-term lease for immediate in-place income. A full attic level - accessed by two staircases, with high ceilings and finished dormers - offers substantial expansion potential, subject to permitting. Zoned CC - Central Business District, a value-add opportunity in a central, high-visibility Beverly location. Buyer to perform all due diligence regarding zoning, use, expansion, and future development potential.

Details

  • Beds: 7
  • Baths: 4
  • Price: $1,149,000
  • Area: 3,845 sqft

Location

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