There are multiple listings for this address:

240 Rantoul St

Beverly, MA, 01915

$2,350,000

8 Beds

6 Baths

9,202 SqFt

0.21 Acres

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.

Property Details

Price:

$2,350,000

MLS #:

73269877

Status:

Pending

Beds:

Baths:

Address:

240 Rantoul St

Type:

Multi Family

Subtype:

5+ Family – 5+ Units Up/Down

City:

Beverly

Listed Date:

Jul 26, 2024

State:

Finished Sq Ft:

9,202

Total Sq Ft:

9,202

ZIP:

01915

Lot Size:

8,999 sqft / 0.21 acres (approx)

Year Built:

1900

Units:

Schools

Interior

Bathrooms

4 Full Bathrooms, 4 Half Bathrooms

Fireplaces Total

Flooring

Tile, Vinyl, Hardwood

Exterior

Community Features

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

Exterior Features

Balcony

Parking Features

Paved Drive, Off Street, Leased, Assigned, Paved

Parking Spots

Financial

Net Operating Income

$134,099

Tax Year

2024

Taxes

$14,055

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Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

pegasusrealtyma@gmail.com

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of North Shore Realty Advisors. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Rover IDX

240 Rantoul St

Beverly, MA

240 Rantoul St

Beverly, MA, 01915

$2,350,000

Beds

0 Baths

10,176 SqFt

0.21 Acres