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38-40 Simon St, Beverly MA 01915

$649,900

Estimated $1,625.06/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $324,950

Total Rent: 19200/year

Estimated CAP Rate: 1.90%

6 Bedrooms

2 Full Baths

3,271 SqFt

Total Parking: 4

3,892 SqFt

This home qualifies for a 4.5% interest rate Oversized 2 family in a great location. Both units 3 bedrooms. Large open floor plans. 1 unit delivered vacant. 1st floor rented for 1600 a month. TAW. Great opportunity for owner occupied or investor.

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 1:56am (Source: MLS PIN #73068227)

Gross Income: $19,200

Gross Expenses: $6,855

Net Income Calc: $12,345

CAP Rate: 1.90%

Beach Front

Annual Expenses for 38-40 Simon St, Beverly MA 01915

Total Gross Expenses (Calculated)$6,855/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,855

Annual Income & Unit Breakdown for 38-40 Simon St, Beverly MA 01915

Total Gross Income (Calculated)$19,200

Unit 1

Rental Income$1,600

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesHot Water, Unit 1(water, Other (see Remarks))

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesHot Water, Unit 1(water, Other (see Remarks))

General Information for 38-40 Simon St, Beverly MA 01915

Listing ID73068227

Property TypeMulti Family / 2 Family

Price$649,900 ($198.69/SqFt)

Style2 Family - 2 Units Side By Side

CityBeverly

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total3,271 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking4

Garage Parking

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningRMD

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesRiver, Beach Front, Beach Ownership(public), 1/2 To 1 Mile To Beach

Energy Features

Terms

Disclosures for 38-40 Simon St, Beverly MA 01915

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$19,200

Total Net Income By Broker$19,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 38-40 Simon St, Beverly MA 01915

Real Estate Taxes$6,855

Tax Year2022

Assessed Value$563,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$19,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$19,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.90%

Location Information for 38-40 Simon St, Beverly MA 01915

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area Amenities

Contact Information for 38-40 Simon St, Beverly MA 01915

Agent

Name: Bob DeVito

Office

Name: Cameron Real Estate Group

Phone: 781-486-3180

Payment Calculator

, Interest

Property Taxes 571.25

Principal & Interest 4004.48

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cameron Real Estate Group

Bob DeVito

Agent Phone

Office Phone

(781) 486-3180

Text Agent Call Agent Call Office

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    [description] => This home qualifies for a 4.5% interest rate Oversized 2 family in a great location. Both units 3 bedrooms. Large open floor plans. 1 unit delivered vacant. 1st floor rented for 1600 a month. TAW. Great opportunity for owner occupied or investor.
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[optional_fee_includes] => Array
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
    [pet_policy] => Array
        (
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[phone] => 978-821-2404
    [pool_features] => Array
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    [price_per_sqft] => 198.69
    [price_per_unit] => 324950
    [private_pool] => No
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    [references_required] => Array
        (
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[rent_includes] => Array
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            [1] => Unit 1(water
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
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[roof_material] => Array
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[rooms] => 14
    [senior_community] => No
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[sewer_expense] => Array
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[short_sale] => 
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[subagent_compensation] => 
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    [tag_beach_front] => 1
    [tag_elevator] => 
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[uffi] => Array
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EXIT