Unit Information
A rare opportunity to acquire a trophy mixed-use asset in the heart of Downtown Beverly. Meticulously renovated throughout, the property blends historic character, modern systems, and durable in-place cash flow in one of the North Shore’s most desirable downtown markets. The property contains approximately 6,722± rentable square feet within a 10,223± gross square footage and features three (3) renovated residential units alongside the iconic home of Off Cabot Comedy & Events, a destination entertainment venue with a strong following. The commercial tenancy offers stable income with 5% annual rent escalations, creating built-in NOI growth and long-term stability. The unit mix of one studio, one 1-bedroom, & one 3-bedroom underwent gut renovations with sun-filled open floor plans, soaring ceilings, hardwood flooring, beautiful woodwork, large bathrooms, eat-in kitchens, and in-unit laundry. Fantastic opportunity to own a gorgeous property right in Downtown Beverly.
- Additional Details
- Status: NEW
- Type: Multi-Family, Quadruplex
- Zip Code: 01915
- Levels: 3
- Parking
- Parking: On Street
- Rooms and Dimensions
- Total Units: 4
- Total Floors: 3
- Total Rooms: 13
- Has Basement: Yes
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$1,885,000
- Status: New
- Listing ID: 73531689
- Bedrooms: 5
- Full Baths: 3
- Half Baths: 3
- Living Area: 6,722 sqft Convert
- Lot Size: 4,317 sqft Convert
- Acres: 0.1
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |