This Multifamily Property is Off-Market.

490 Rantoul Street
Beverly, MA 01915 ·

48 Units · Multifamily For Sale

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Hannah

Price N/A Cap Rate 7.08%
No. Units 48 No. Stories 4
Building Size 16,860 SF Year Built 1973
Property Type Multifamily Lot Size 27,395 SF
Property Sub-type Garden/Low-Rise Parking Ratio 53 / 1,000 SF
Property Use Type Investment
Listing ID: 14135270 Date Created: 02/24/2005 Last Updated: 05/18/2005

Description

Largest Studio Apartment building in downtown Beverly. 48 one & two room Studio units in excellent condition with 53 quality parking spaces. EAch unit has individual heat control, wall A/C, and separate entrance from outside decks. Prime, prime, prime Real Estate. Large laundry room, oversized utilities. Fully sprinklered and computerized fire alarm system.

2 first floor handicap accessible units; 14 (#0-13) original 200 sq. ft. rooms with kitchen and bath; 1 (#14) large triangular room; 4 (25-28) first floor 400 sq. ft. units; 8 two room units (15-22); 1 (19) townhouse 2 room unit with spiral staircase; 4 (44-47) top floor recent addition all 400 sq. ft. Most recent rear addition all 225 sq. ft. with balcony.

Commercially zoned and centrally lcoated on Route 1A in Beverly.

Highlights

  • Rte. 1A
  • Good income
  • Convenient location

Research

490 Rantoul Street, Beverly, MA 01915 (Essex County)

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