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53-55 57 Hale St, Beverly, MA 01915

$700,000
Last sold 05/14/2024 for $3.12M
17
bed
9
bath
7,051
Sqft ($442/Sqft)

Multi-family not for sale

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About 53-55 57 Hale St

Property type Multi-family

Neighborhood

Year built 1880

HOA fee $0/month

Lot size 0.4 Acre

Movoto estimate

Property description

All offers due Monday (5/13) by 6 PM. Seller reply by Tuesday (5/14) by 6 PM. Final Group showing by appointment only. Monday (5.13), 10 AM – email Listing Broker if you plan to attend the Group showing. A Beverly Cove investment opportunity not to be missed! The perfect blend of superior location with a strong income stream. Only 2 blocks to Dane St Beach and thriving Downtown Beverly. Less than ¾ mile to Beverly MBTA. Three well-maintained contiguous parcels (combined lot 17,228+- sq ft) with 9 units on desirable Hale Street with 20+- car parking to be sold as a package. Eight nicely appointed 2-bedroom apartments & one 1-bedroom apartment. See separate income & expense statement and breakdown of Leases/TAW's. . Can also be purchased with 12 Highland Ave, Beverly. Another outstanding downtown 4-unit property ($1.2M) and 21 Symonds St, Salem. A strong income producing 3-unit in North Salem ($950K).

Listed by

Listing Agent - Gary Blattberg

Listing Office - RE/MAX Beacon

Source: MLS Property Information Network, Inc.

MLS#73235436 • last updated 1 year ago

Movoto checked MLS Property Information Network, Inc. for data 6 minutes ago

Overview
Cooling/AC	None
Heating	Forced Air, Natural Gas, Individual, Unit Control
Levels/Style	11
MLS #	73235436
Type	Residential Income
Status	Closed
SubType	5-9 Family
SqFt	7051
Lot Size (SqFt)	17228
Lot Size (Acres)	0.4
Annual Property Tax	25214
Year Built	1880

Interior
Total # of Bathrooms	9
# Full Baths	9
Total # of Bedrooms	17
Basement	Full, Walk-Out Access, Interior Entry, Dirt Floor, Concrete
Total # of Rooms	35
Flooring	Wood, Tile, Vinyl, Varies
Appliances	Range, Disposal, Refrigerator, Dishwasher, Microwave
Interior Features	Bathroom With Tub & Shower, Upgraded Cabinets, Upgraded Countertops, Bathroom With Shower Stall, Remodeled, Living Room, Kitchen
Window Features	Skylight(s), Insulated Windows

Exterior
Foundation	Stone, Brick/Mortar
Roof	Shingle
Construction	Frame
Parking Desc	Paved Drive, Off Street, Driveway, Paved
# Parking Spaces	20
Exterior Features	Balcony, Rain Gutters
Patio/ Porch	Deck, Deck - Wood

Amenities / Utilities
Sewer	Public Sewer
Green Features: Energy Efficiency	Varies Per Unit
Utilities	For Gas Range
Electricity	Circuit Breakers, 100 Amp Service, Individually Metered, Varies Per Unit
Water Source	Public

Location
Waterfront	Beach Front, Beach Access, Ocean, Walk To, 1/10 To 3/10 To Beach, Beach Ownership(Public)
County	Essex
Community Features	Public Transportation, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House Of Worship, Marina, Private School, Public School, T-Station, University
Zoning	R6
Directions	Lothrop Street To Dane St, Right On Hale

Multifamily Details
Rent Includes	Unit 1(Heat, Electric, Water, Hot Water), Unit 2(Water, None), Unit 3(Water, None), Unit 4(Water, None)
Net Operating Income	227491
Operating Expense	51449
Total Actual Rent	23025
Financial Data Source	Owner
Expense: Water/ Sewer	3552
Gross Income	278940
Expense: Electricity	5342
Gross Scheduled Income	5719