$874,500
$45K PRICE DROP

Estimated payment $5,352/month

Total Views 4,461
-- Bed
-- Bath
7,695 Sq Ft
$114 Price per Sq Ft

About This Home

Turn Key Luxury Apartment Building in Beverly. Great Investment Opportunity! Recently rehabbed w/ no expense spared. Hardwood, Stainless, Granite, In-Unit W/D, Garage Parking and Landscaping. Professionally Managed, Fully Leased and Well Maintained. Don't Miss this Excellent Opportunity.

Listing Agent

Erik Carrier

Lincoln Luxury Homes License #471020142 Listed on: 02/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,769

Year Built

  • Built in 1925

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50x125

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Membrane Roofing
  • Reflective Roof
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,695 Sq Ft Home
  • 3-Story Property

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $806
  • Insurance Expense $4,952
  • Maintenance Expense $6,740
  • Trash Expense $2,400
  • Water Sewer Expense $3,847
  • Operating Expense $28,915
  • Gross Income $112,800
  • Net Operating Income $83,885

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,769

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: New Rehab
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Possible Use: Multi-Family
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Fireplaces: 6
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 6
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 874500
  • Roof: Membrane, Reflective Coating, Rubber
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies,Enclosed Porch,Enclosed Stairs

Garage/Parking

  • Outdoor Parking: None On Site
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2400
  • Water Sewer Expenses: 3847
  • Janitor Expense: 1650

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50X125
  • Lot Size Sq Ft: 6250
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Water, Hot Water
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 7695

Multi Family

  • Net Operating Income: 83885
  • Insurance Expense: 4952
  • ElectricExpense: 806
  • GrossIncome: 112800
  • Maintenance Expense: 6740
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 28915
  • Expense Year: 2024
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 6768.96
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $874,500 0.0% $114 / Sq Ft
07/08/2025 07/08/25 For Sale $874,500 -4.4% $114 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
04/23/2025 04/23/25 Price Changed $915,000 +0.1% $119 / Sq Ft
03/31/2025 03/31/25 Price Changed $914,000 -0.5% $119 / Sq Ft
02/27/2025 02/27/25 For Sale $919,000 +44.7% $119 / Sq Ft
06/18/2021 06/18/21 Sold $635,000 -6.3% $83 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/27/2021 04/27/21 For Sale -- -- --
04/05/2021 04/05/21 For Sale $678,000 -- $88 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12300341

Midwest Real Estate Data (MRED)

APN: 25053090340000