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 26 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