About 53-55-57 Hale St
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).
Features of 53-55-57 Hale St
| MLS® # | 73235436 |
|---|---|
| Price | $2,975,100 |
| Units | 9 |
| Bedrooms | 17 |
| Bathrooms | 9.00 |
| Full Baths | 9 |
| Square Footage | 7,051 |
| Acres | 0.40 |
| Year Built | 1880 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active Under Contract |
Community Information
| Address | 53-55-57 Hale St |
|---|---|
| Area | Beverly Cove |
| City | Beverly |
| County | Essex |
| State | MA |
| Zip Code | 01915 |
Amenities
| Utilities | for Gas Range |
|---|---|
| Parking Spaces | 20 |
| Parking | Paved Drive, Off Street, Driveway, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 11 |
Exterior
| Windows | Skylight(s), Insulated Windows |
|---|
Additional Information
| Zoning | R6 |
|---|---|
| Gross Income | $278,940 |
| Net Operating Income | $227,491 |
| Operating Expense | $51,449 |
| Insurance Expense | $9,450 |
| Total Actual Rent | $23,025 |
| Rent Includes | Unit 1(Heat,Electric,Water,Hot Water), Unit 2(Water,None), Unit 3(Water,None), Unit 4(Water,None) |
Listing Details
| Agent | Gary Blattberg |
|---|---|
| Office | RE/MAX Beacon |