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Lisa Gaglione

lgaglione@todayrealestate.com +1(617) 224-8863

$ 2,350,000

Est. payment -/mo

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Pending

240 Rantoul St Beverly, MA 01915

8 Beds

6 Baths

9,202 SqFt

UPDATED:

10/09/2024 12:07 AM

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

Listed by North Shore Realty Advisors

Lisa Gaglione

Agent | License ID: 9586357

+1(617) 224-8863

Lisa Gaglione

240 Rantoul St Beverly, MA 01915

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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240 Rantoul St