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Canceled

18 Summer St, Beverly MA 01915

$779,000

Estimated $1,878/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $259,666.67

Total Rent: 57000/year

Estimated CAP Rate:

5 Bedrooms

Baths

2801

Total Parking: 5

3,863 (0.09)

Well maintained Victorian 3 family perfect for investors as a turnkey money maker or for discerning owner-occupied buyers. All units are rented with a tenant-at-will contract, currently below rental market values. Potential income is $70K plus a year. Separate utilities, updated kitchen and bathrooms. Coin-op washer and dryer in basement. Separate, stainless steel hot water tanks with lifetime warranty. All units have separate entrances. Five off-street parking spaces (4 tandem), and great location near downtown, commuter rail, beaches, shopping and major highways. The one bedroom unit does have an extra office/den space, fireplace, high ceilings and period details. Showings begin at the Open Houses Sat 4/15 & Sun 4/16 from 1-2:00pm. Note: This is an entry only listing, Seller's wife is a licensed Realtor. Offers, if any will be reviewed at 3pm Tues 4/18/23. Seller reserves the right to accept an offer at any time. All offers must be in one PDF to: christinewestin71@gmail

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 8:21am (Source: MLS PIN #73097860)

Gross Income: $57,000

Gross Expenses: $7,384

Net Income Calc: $49,616

Water Views

Annual Expenses for 18 Summer St, Beverly MA 01915

Total Gross Expenses (Calculated)$7,384/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7384

Annual Income & Unit Breakdown for 18 Summer St, Beverly MA 01915

Total Gross Income (Calculated)$57,000

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 18 Summer St, Beverly MA 01915

Listing ID73097860

Property TypeMulti Family / 3 Family

Price779000 ($278.11/SqFt)

Style3 Family

CityBeverly

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2801

Approximate Lot Size (Acres)0.09

Total Parking5

Garage Parking0

Year Built1915

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRMD

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 18 Summer St, Beverly MA 01915

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Exclusions.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

For Sale By OwnerEntry Only

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 18 Summer St, Beverly MA 01915

Real Estate Taxes7384

Tax Year2023

Assessed Value$655,800

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 18 Summer St, Beverly MA 01915

Middle SchoolBeverly Middle

High SchoolBeverly High

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 18 Summer St, Beverly MA 01915

Agent

Name: Shari Melville

Office

Name: Citylight Homes LLC

Phone: 978-977-0050

Payment Calculator

, Interest

Property Taxes 615.33

Principal & Interest 4799.95

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Citylight Homes LLC

Shari Melville

Agent Phone

Office Phone

(978) 977-0050

Text Agent Call Agent Call Office

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EXIT

18 More Photos

Canceled

18 Summer St, Beverly MA 01915

$779,000

Annual Expenses for 18 Summer St, Beverly MA 01915

Annual Income & Unit Breakdown for 18 Summer St, Beverly MA 01915

General Information for 18 Summer St, Beverly MA 01915

Disclosures for 18 Summer St, Beverly MA 01915

Financial Information for 18 Summer St, Beverly MA 01915

Location Information for 18 Summer St, Beverly MA 01915

Contact Information for 18 Summer St, Beverly MA 01915

Agent

Office

Payment Calculator

Exclusive Listing Agent

Citylight Homes LLC

Shari Melville