240 Rantoul St Pending

Beverly,MA 01915

$ 2350000

8 Beds

6 Baths

9202 SqFt


Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Pending

Purchase Type For Sale

Square Footage 9,202 sqft

Price per Sqft $255

MLS Listing ID 73269877

Bedrooms 8

Full Baths 4

Half Baths 4

Year Built 1900

Annual Tax Amount $14,055

Tax Year 2024

Lot Size 9,147 Sqft

Acres 0.21

Property Description

Located in the heart of Downtown Beverly, MA, this 3-story mixed-use asset consisting of eight (8) units is a rare find and has not been available for sale since 1990. This generational asset has been well maintained and numerous improvements have been made to the property. The property boasts a rentable square footage of 9,202±, with a total gross of 10,176 ± SF. The property consists of four (4) high-end two-bedroom units, two (2) storefront retail units with high visibility and two (2) industrial units facing Park Street. The property offers their residence coin-op laundry facilities, and twenty-two (22) off-street parking with entrance from Park Street. Each unit is separately metered for gas heat / hot water and electricity. Some notable capital improvements completed in 2023 consist of a new rubber membrane roof, new front façade, two residential units completely renovated, window replacements and commercial space build-out. The asset offers a turn-key prime investment.

Location

State MA

County Essex

Zoning CC

Direction Rantoul Street

Rooms

Basement Full,Finished,Walk-Out Access,Concrete

Interior

Flooring Tile,Vinyl,Hardwood

Fireplaces Number 4

Exterior

Exterior Feature Balcony

Community Features Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Highway Access,T-Station

Utilities Available for Gas Range,for Electric Range,Varies per Unit

Waterfront false

Waterfront Description Beach Front,Harbor,Ocean,0 to 1/10 Mile To Beach

Parking Type Paved Drive,Off Street,Leased,Assigned,Paved

Total Parking Spaces 22

Garage No

Building

Story 10

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

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