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Expired

233 Dodge St, Beverly MA 01915

$1,199,000

Estimated $2,922.13/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $599,500

Total Rent: 81600/year

Estimated CAP Rate: 5.83%

7 Bedrooms

4 Full, 1 Half Baths

4,500 SqFt

Total Parking: 8

51,020 SqFt

Not your average multi-family! Come imagine the many possibilities for these 2 separate residences joined by one exterior wall in an L-shaped compound on over a 1-acre lot near Norwood Pond. Bring in your extended family for multi-generational living, with in-law bedrooms in the walk-out lower level. Consider condo conversion or use as an AirB&B for short or mid-term rental, or simply enjoy the benefits of 2 income properties. Both updated units offer private indoor & outdoor living & yard space. Original Greek Revival style unit (3 Bed/2 Bath) blends beautifully w/ the 2nd-unit addition (4-5 Bed/2.5 bath) which boasts cathedral ceilings, sunroom, open concept living area, brick fireplace, hardwood floor, & all the modern amenities. 2020 heating system, 2021 MassSave full insulation. This is a solid investment opportunity located in desirable North Beverly w/ convenient access to North Beverly MBTA & route 128/95. There's so much to offer, don't miss out on this incredible opportunity!

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 4:50am (Source: MLS PIN #73062302)

Gross Income: $81,600

Gross Expenses: $11,735

Net Income Calc: $69,865

CAP Rate: 5.83%

Water Views

Annual Expenses for 233 Dodge St, Beverly MA 01915

Total Gross Expenses (Calculated)$11,735/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$11,735.50

Annual Income & Unit Breakdown for 233 Dodge St, Beverly MA 01915

Total Gross Income (Calculated)$81,600

Unit 1

Rental Income$4,000

LeaseN

Bedrooms4

Bathrooms2 Full, 1 Half

Floor1

Levels in Unit3

HeatingYes

Rent Includes

Unit 2

Rental Income$2,800

LeaseY

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingYes

Rent Includes

General Information for 233 Dodge St, Beverly MA 01915

Listing ID73062302

Property TypeMulti Family / 2 Family

Price$1,199,000 ($266.44/SqFt)

Style2 Family - 2 Units Side By Side

CityBeverly

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total4,500 SqFt

Approximate Lot Size (Acres)1.17 acres

Total Parking8

Garage Parking

Year Built1938

Year Built SourcePublic Records

Year Renovated

Year Built DetailsRenovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Stone

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionConcrete Perimeter,Stone

Accessible Features

Outdoor Space

ZoningR45

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesStream

Energy FeaturesThermostat

Terms

Disclosures for 233 Dodge St, Beverly MA 01915

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureFloor plan room measurement approximate. Public re

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$33,600

Total Net Income By Broker$33,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%%

Facilitator Compensation2%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 233 Dodge St, Beverly MA 01915

Real Estate Taxes$11,735.50

Tax Year2022

Assessed Value$964,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$33,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$33,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.83%

Location Information for 233 Dodge St, Beverly MA 01915

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Public Transportation, T-station, Private School, University

Contact Information for 233 Dodge St, Beverly MA 01915

Agent

Name: Justine Lin

Office

Name: Cameron Prestige, LLC

Phone: 857-331-5127

Payment Calculator

, Interest

Property Taxes 977.96

Principal & Interest 7387.86

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cameron Prestige, LLC

Justine Lin

Agent Phone

Office Phone

(857) 331-5127

Text Agent Call Agent Call Office

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                )

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                )

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                )

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                )

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                )

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                )

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)

)

EXIT