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$1,450,000
Total Beds: 9 Total Baths: 6
Total Units: 6 SQFT: 3654
LOT size: 0.15 Acres
122 Bridge St
Beverly, MA 01915
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Property Description

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.

Property Details

Building Information

  • Total Units: 6
  • Total Floors: 7
  • Total Bedrooms: 9
  • Total Full Baths: 6

Financial

  • APOD Available: Yes
  • Gross Operating Income: 116700
  • Gross Expenses: 30092
  • GSE: 1668
  • Electric Expenses: 1611
  • Water/Sewer: 2426
  • INSC: 4200
  • Repairs & Maintenance: 4200
  • RFS: 600
  • Management Fee: 3605
  • Net Operating Income: 90067

Utilities

  • Electric Info: 200 Amps
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Unknown
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Unknown
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5-9 Family
  • Foundation Info: Fieldstone, Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73317306
  • Last Updated: 12/08/24

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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 2024-12-08 03:05:00