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

Price:
$1,450,000
MLS #:
73317306
Status:
Active
Beds:
9
Baths:
6
Address:
122 Bridge St
Type:
Multi Family
Subtype:
5-9 Family
City:
Beverly
Listed Date:
Dec 4, 2024
State:
MA
Finished Sq Ft:
3,654
Total Sq Ft:
3,654
ZIP:
01915
Lot Size:
6,734 sqft / 0.15 acres (approx)
Year Built:
1920
Units:
6

Schools

Interior

Bathrooms
6 Full Bathrooms

Exterior

Parking Features
Off Street
Parking Spots
8

Financial

Net Operating Income
$90,067
Tax Year
2024
Taxes
$11,132

Map

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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122 Bridge St
Beverly, MA