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You are here:
Home Massachusetts Beverly Multi-Family Homes for Sale

53-55-57 Hale St Beverly, MA 01915

$2,975,100
9 Unit
17 Beds
9 Baths
7051 SQFT
0.40 Acre
53-55-57 Hale St
Beverly, MA 01915

Property Description

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).

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 9
  • Total Floors: 11
  • Total Bedrooms: 17
  • Total Full Baths: 9
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Dirt Floor, Full, Interior Access, Walk Out
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Common Heating: Extra Flue, Forced Air, Gas, Geothermal Heat Source, Heat Pump, Individual, Oil, Oil
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 278940
  • Gross Expenses: 51449
  • GSE: 5719
  • Electric Expenses: 5342
  • Water/Sewer: 3552
  • INSC: 9450
  • RFS: 900
  • Miscellaneous Expense: 1272
  • Net Operating Income: 227491

Utilities

  • Heat Zones: 9
  • Electric Info: 100 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground, Varies per Unit
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: SESD

Unit 1 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Included in Rent: None, Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 3 Description

  • Included in Rent: None, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: None, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1880
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73235436
  • Last Updated: 05/14/24
  • Terms: Other (See Remarks), Special

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/14/2024Contingent$2,975,100$422MLSPIN
05/12/2024Price Change$2,975,100$422MLSPIN
05/09/2024New$2,975,000$422MLSPIN

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View Breakdown

Seller's Representative: Gary Blattberg, RE/MAX Beacon
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
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 2024-05-14 17:10:00