$3,120,000
●
Multifamily -
Off Market
53-55-57 Hale St
Beverly, MA 01915
17 Beds
9 Baths
7,051 Ft²
$16,710
Est. Monthly
0.85%
Cap Rate
About This Property
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).
Unit Size
7,051 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$422
Property Type
Multifamily
Property Taxes
$2,101
HOA Dues
-
Year Built
1880
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MLSPIN #73235436)
Price History
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Off Street, Driveway, Paved
Interior Details
Full Bathrooms: 9
Interior Features: Bathroom With Tub & Shower, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Living Room, Kitchen
Appliances: Range, Disposal, Refrigerator, Dishwasher, Microwave
Flooring Type: Wood, Tile, Vinyl, Varies
Rooms: 35
Basement: Full, Walk-Out Access, Interior Entry, Dirt Floor, Concrete
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 5-9 Family
Stories (Total): 11
Building Area Units: Square Feet
Window Features: Skylight(s), Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck, Deck - Wood
Lead Paint: Unknown
Lot Size Area: 0.4
Lot Size Units: Acres
Lot Size Acres: 0.4
Zoning: R6
Water Source: Public
Financial Details
Tax Assessed Value: $2,235,000
Tax Annual Amount: $25,214
Utilities Details
Utilities: for Gas Range
Cooling Type: None
Heating Type: Forced Air, Natural Gas, Individual, Unit Control
Sewer : Public Sewer
Location Details
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
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/09/2024
| |
17 Bed
|
9 Bath
|
7051 ft²
|
$2,975,000
17 Bed
9 Bath
7051 ft²
|
$3,120,000
+4.87%
07/31/2024
|
Michael Cotraro
Lux Realty North Shore
|
|
05/17/2016
| |
17 Bed
|
9 Bath
|
7487 ft²
|
$1,749,000
17 Bed
9 Bath
7487 ft²
|
$570,000
-67.41%
01/09/2017
|
Victor Paulino
By The Sea Sotheby's International Realty
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017