Property Description

40 & 40R Stone St contains 12 total 2-Bedroom/1-Bathroom units with 6,772 square feet of gross living area and 12,358 square feet of gross area. Each building contains 6 units apiece, is situated upon a 0.44-acre parcel and offers ample parking with 12 spaces available. The Property is separately metered for electricity, which tenants pay directly. Heat and hot water utilities are a mix of electric & oil powered. 40R Stone Street is separately metered for heat, while 40 Stone Street is centrally metered and the Landlord is responsible. The Landlord is responsible for city water and sewer. The Properties are well-positioned within Beverly, MA, offering strong visibility in a vibrant North Shore community. The location is supported by a diverse mix of retail, dining, and community amenities, with Beverly’s downtown, beaches, and cultural destinations nearby. This accessibility and amenity rich environment enhance tenant appeal and long-term stability.