593 Cabot Street

$619,900, 5 Beds 3½ Baths 2,807 Sqft .12 Acres

About This Property

Great investor opportunity for this 3 family + an additional unit in the front, street level, currently used as a hair salon with a single station. Walking distance to Henry's market, North Beverly Plaza & other shops. Owners unit on the first floor with large fireplaced living room and an extra finished room in the basement along with the laundry. The 2 other 1BR units are on the second floor. The salon has a half bath & kitchenette room and is heated by electric baseboard - it could be used as a home business. Newer roof. Newer single gas boiler & newer gas HW tank for the whole property. Convenient to Rt 128. Within walking distance to North Beverly train station. This property has the potential to produce approximately $5,000/month in income: $2,000/mo for the main unit, $1100/mo for the each of the 1BR units and $800/mo for the salon which yields $60K annually (minus $15,516 annual expenses + any other expenses). Property has Certificate of Inspection from Beverly building dept.

Essential Information

MLS® #72409890
Price$619,900
Bedrooms5
Bathrooms3.50
Full Baths3
Half Baths1
Square Footage2,807
Acres0.12
Year Built1930
TypeMulti-Family
Sub-Type3 Family
StatusActive

Community Information

Address593 Cabot Street
CityBeverly
CountyEssex
StateMA
Zip Code01915

Amenities

Parking Spaces6

Listing Details

AgentBernard Starr

Office

Berkshire Hathaway HomeServices Commonwealth Real Estate

Get directions to this property:

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Have a Question?

Contact Us

Follow Us