240 Rantoul St Sold Save Request In-Person Tour Request Virtual Tour
Beverly,MA 01915
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 9,202 sqft
Price per Sqft $239
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
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 fa�ade, 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
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 Description Beach Front,Harbor,Ocean,0 to 1/10 Mile To Beach
Building
Story 10
Foundation Stone
Sewer Public Sewer
Water Public