Homes for sale - 277 Rantoul St, Beverly, MA 01915

$850,000

$1,000,000 15.0%

Est. payment - /mo

1 Bed

3 Baths

4,050 SqFt

UPDATED:

Key Details

Sold Price $850,000

Property Type Multi-Family

Sub Type 3 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,050 sqft

Price per Sqft $209

MLS Listing ID 73300874

Sold Date 12/10/24

Bedrooms 1

Full Baths 2

Half Baths 2

Year Built 1890

Annual Tax Amount $14,464

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property Description

277 Rantoul Street is a great opportunity to own a Downtown Beverly mixed-use 2-story property. The asset has a strong long-term restaurant and two (2) oversized one-bedroom units. One unit has expansion possibilities of adding another bedroom and bathroom. The property boasts a rentable square footage of 4,050± with a total gross of 6,039± SF. The property consists of two (2) one-bedroom units with open floor plans on the 2nd floor and a restaurant on the first floor. Residential tenants pay all utilities except for water/sewer and trash. The seller pays $25/month towards trash for the residential units, the restaurant covers the remainder of the trash bill. The restaurant is responsible for 50% of water/sewer charges. This property offers investors an ideal Downtown Beverly sound investment. This asset is located near the Cummings Center, Lahey Medical, and Beverly Depot with various transportation options, and is accessible to all major thoroughfares.

Location

State MA

County Essex

Zoning CC

Direction Rantoul between Federal and Pond

Rooms

Basement Full, Bulkhead, Unfinished

Interior

Flooring Tile, Carpet

Exterior

Community Features Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University

Utilities Available for Electric Range, for Electric Oven

Waterfront Description Beach Front,Ocean,1/10 to 3/10 To Beach

Roof Type Rubber

Garage No

Building

Story 5

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by North Shore Realty Advisors
Bought with Sara Pouladian • North Shore Realty Advisors

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Jim Armstrong

+1(978) 394-6736

Team Leader/Broker Associate | License ID: 9074205

Team Leader/Broker Associate License ID: 9074205

277 Rantoul St Beverly, MA 01915