Gene Mullen - CENTURY 21 Commonwealth

478 Rantoul St, Beverly, MA 01915

Multi-Family

$849,900
Price

3
Units
2,657
Approx. GLA
GREAT INVESTOR OPPORTUNITY IN DOWNTOWN BEVERLY!! Renovated 3-Family in prime downtown location within walking distance to commuter rail, middle/high schools, beaches and all the shops and restaurants that Beverly has to offer. Zoned commercial with an oversized 1/2 acre lot with unlimited opportunities for business or or expansion for multi-unit townhouses. 3rd floor has all waste, water and electric sub-panel ready for adding 4th unit. Extra room on 2nd floor can be used as a 4th bdrm. New 200 amp electric service with 4 meters updated in 2006. 2 new, high efficiency gas heating systems installed in 2014. All waste and water lines updated in 2006. New 30 yr roof installed in 2015-2017. House insulated with blown in cellulose in 2014. Large basement with waterproofed walls with workshop or possible conversion to additional unit. House is turnkey and ready for unlimited expansion opportunity. ONE OF THE LAST SIZABLE COMMERCIAL LOTS IN DOWNTOWN BEVERLY. ONE OF A KIND OPPORTUNITY!
Open House
No scheduled Open Houses
Highlights
Basement Features: Full, Concrete Floor
List Price: $849,900
Type: Multi-Family
Multi-Family Type: 3 Family - 3 Units Up/Down
Status: Active
Beds: 5
Baths: 3
Units: 3
Year Built: 1920
Approx. GLA: 2,657
MLS#: 72330247
 
Interior
Basement: Yes
Electric Features: 200 Amps, Individually Metered
Flooring: Wood, Wall to Wall Carpet, Varies Per Unit, Laminate, Hardwood, Vinyl / VTC
Energy: Insulated Windows
Hot Water: Natural Gas, Tank
Rooms: 11
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.50
Lot Size: 21,780.00
Lot Description: Fenced/Enclosed
Foundation: Fieldstone
Parking Spaces: 9
Road Type: Paved
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Electric Dryer, Washer Hookup, Varies per Unit
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $410,600
Taxes: $5,584
Tax Year: 2018
Book/Page: 25062/328
Beach
Beach: Yes
Miles to Beach: 1/2 to 1 Mile
Beach Description: Ocean
Beach Ownership: Public
Expenses
Gross Income: $29,400
Total Rent: $2,450
Net Income: $23,400
Additional
Amenities: Public Transportation, Shopping, Highway Access, Public School, T-Station, University
Disclosure Declaration: No
Disclosure: Buyer to do own due diligence on uses for property.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 No 1 $950
Unit 2 2 1 0 1 1 0 No 1 $1,000
Unit 3 7 4 0 2 1 0 2
Units Extras
Unit 1
Rent Includes:  Heat, Gas, Water, Hot Water  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard  Interior:  Bathroom With Tub & Shower, Hardwood Floors, Stone/Ceramic Tile Floor, Cable TV Available  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Heat, Gas, Water, Hot Water  Applicances:  Range, Refrigerator, Washer, Dryer  Heating:  Hot Water Baseboard  Interior:  Wood Flooring, Studio  Rooms:  Kitchen 
Unit 3
Applicances:  Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard  Interior:  Bathroom With Tub & Shower, Hardwood Floors, Stone/Ceramic Tile Floor, Wood Flooring, Cable TV Available, Tile Floor  Rooms:  Living Room, Kitchen, Office/Den 
Map
The listing office is Century 21 Commonwealth and the listing agent is John O'Brien. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 8/17/2018 4:05:00 PM.
 
Gene Mullen
Gene Mullen
Realtor
CENTURY 21 Commonwealth