This two-story six-family has been in the same ownership for 31 years. The property boasts a rentable square footage of 3,654± SF with a total gross of 5,691± SF. It consists of Three (3) studios, one (1) one-bedroom+den, one (1) two-bedroom, and one (1) three-bedroom unit. The property offers a balcony, coin-op laundry, 8 surface parking spots, and 1 garage. This property offers investors a value-add opportunity with under-market rents within a supply-restrained prime location. The asset is near the Cummings Center, Lahey Medical, and Beverly Depot, with various transportation options and accessibility to all major thoroughfares.
The median home value in Beverly, MA is $675,000. This is higher than the county median home value of $572,900. The national median home value is $338,100. The average price of homes sold in Beverly, MA is $675,000. Approximately 58.56% of Beverly homes are owned, compared to 38.5% rented, while 2.94% are vacant. Beverly real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Beverly real estate agent to arrange a tour today!
Beverly, Massachusetts has a population of 42,448. Beverly is more family-centric than the surrounding county with 31.13% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Beverly, Massachusetts is $89,882. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Beverly is 40.4 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 18.1 degrees. The average rainfall is approximately 47.3 inches per year, with 43.5 inches of snow per year.