412 Cabot St - Apartments FOR SALE


Beverly, MA 01915- Downtown Beverly
$1,475,000 USD
978-317-6139
412 Cabot St, Beverly, MA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

412 Cabot St
Beverly, MA 01915
Downtown Beverly


HIGHLIGHTS

  • Easy access to downtown Beverly, MBTA, and highways
  • Well maintained building with recent upgrades
  • In-building coin op laundry

OVERVIEW

Welcome to this 5 unit multifamily opportunity in Beverly with strong in-place income. This well maintained 1915 property offers 5 units across 3 floors, totaling approx. 4,830 SF, 7 bedrooms, and 6 baths. Current rents total $10,725/month ($129,700 gross annual income). The units offer a spacious first floor 3 bedroom, 2 bathroom newly renovated unit complete with remodeled finishes, plus four additional 1 bedroom units. Many units feature hardwood floors, tile baths, and updated kitchens with upgraded cabinetry and countertops. Gas-fired hot water radiator heat, full unfinished basement, and a paved drive with off-street parking are available. Coin operated laundry in building. Conveniently located in the heart of Beverly, with proximity to public transportation, shopping, parks, schools, major routes, and Beverly’s coastline. Excellent option for investors seeking cash flow in a high-demand North Shore rental market.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

5

PRICE/UNIT

$295,000

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,445 SF

ZONING

CN

APN/PARCEL ID

BEVE-000030-000222

ASK ABOUT THIS PROPERTY

Henry PizzoAluxetyMore Info
978-317-6139

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Henry PizzoAluxetyMore Info
978-317-6139

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.