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277 Rantoul St, Beverly, MA
Not Available - Off Market
0
$1,000,000
N/A Beds N/A Baths
HOA
N/A
LOT size: 0.10 Acres
SQFT
4050
277 Rantoul St
Beverly, MA 01915
View Map
This Property is No Longer Available

Property Description

277 Rantoul Street is a great opportunity to own a Downtown Beverly mixed-use 2-story property. The asset has a strong long-term restaurant and two (2) oversized one-bedroom units. One unit has expansion possibilities of adding another bedroom and bathroom. The property boasts a rentable square footage of 4,050± with a total gross of 6,039± SF. The property consists of two (2) one-bedroom units with open floor plans on the 2nd floor and a restaurant on the first floor. Residential tenants pay all utilities except for water/sewer and trash. The seller pays $25/month towards trash for the residential units, the restaurant covers the remainder of the trash bill. The restaurant is responsible for 50% of water/sewer charges. This property offers investors an ideal Downtown Beverly sound investment. This asset is located near the Cummings Center, Lahey Medical, and Beverly Depot with various transportation options, and is accessible to all major thoroughfares.

Property Details

Property Information

  • Type: Commercial
  • Location: Legal Conforming
  • MLS ID#: 73300875

Financial

  • Gross Annual Expenses: 26326
  • Gross Annual Income: 82800
  • Net Operating Income: 56474
  • Lease Type: Other (See Remarks)

Building Information

  • Total SQFT: 4050

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Mortgage Calculator

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Map

Seller's Representative: Sara Pouladian, North Shore Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2024-12-10 11:46:00

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