There are multiple listings for this address:
Located in the heart of Downtown Beverly, MA, this 3-story mixed-use asset consisting of eight (8) units is a rare find and has not been available for sale since 1990. This generational asset has been well maintained and numerous improvements have been made to the property. The property boasts a rentable square footage of 9,202±, with a total gross of 10,176 ± SF. The property consists of four (4) high-end two-bedroom units, two (2) storefront retail units with high visibility and two (2) industrial units facing Park Street. The property offers their residence coin-op laundry facilities, and twenty-two (22) off-street parking with entrance from Park Street. Each unit is separately metered for gas heat / hot water and electricity. Some notable capital improvements completed in 2023 consist of a new rubber membrane roof, new front façade, two residential units completely renovated, window replacements and commercial space build-out. The asset offers a turn-key prime investment.

Property Details

Price:
$2,350,000
MLS #:
73269877
Status:
Pending
Beds:
8
Baths:
6
Address:
240 Rantoul St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Beverly
Listed Date:
Jul 26, 2024
State:
MA
Finished Sq Ft:
9,202
Total Sq Ft:
9,202
ZIP:
01915
Lot Size:
8,999 sqft / 0.21 acres (approx)
Year Built:
1900
Units:
8

Schools

Interior

Bathrooms
4 Full Bathrooms, 4 Half Bathrooms
Fireplaces Total
4
Flooring
Tile, Vinyl, Hardwood

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Highway Access, T- Station
Exterior Features
Balcony
Parking Features
Paved Drive, Off Street, Leased, Assigned, Paved
Parking Spots
22

Financial

Net Operating Income
$134,099
Tax Year
2024
Taxes
$14,055

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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.,…

More About James
240 Rantoul St
Beverly, MA
Located in the heart of Downtown Beverly, MA, this 3-story mixed-use asset consisting of eight (8) units is a rare find and has not been available for sale since 1990. This generational asset has been well maintained and numerous improvements have been made to the property. The property boasts a rentable square footage of 9,202±, with a total gross of 10,176 ± SF. The property consists of four (4) high-end two-bedroom units, two (2) storefront retail units with high visibility and two (2) industrial units facing Park Street. The property offers their residence coin-op laundry facilities, and twenty-two (22) off-street parking with entrance from Park Street. Each unit is separately metered for gas heat / hot water and electricity. Some notable capital improvements completed in 2023 consist of a new rubber membrane roof, new front façade, two residential units completely renovated, window replacements and commercial space build-out. The asset offers a turn-key prime investment.

Property Details

Price:
$2,350,000
MLS #:
73269885
Status:
Pending
Beds:
0
Baths:
0
Address:
240 Rantoul St
Type:
Commercial
Subtype:
5+ Family – 5+ Units Up/Down
City:
Beverly
Listed Date:
Jul 26, 2024
State:
MA
Finished Sq Ft:
10,176
Total Sq Ft:
9,202
ZIP:
01915
Lot Size:
8,999 sqft / 0.21 acres (approx)
Year Built:
1900

Schools

Interior

Bathrooms
4 Full Bathrooms, 4 Half Bathrooms
Fireplaces Total
4
Flooring
Tile, Vinyl, Hardwood

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Highway Access, T- Station
Exterior Features
Balcony
Parking Features
Paved Drive, Off Street, Leased, Assigned, Paved
Parking Spots
22

Financial

Net Operating Income
$134,099
Tax Year
2024
Taxes
$14,055

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

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.,…

More About James