BEDS5
BATHS3 full 3 partial
SQUARE FEET6,722
MLS#73531689
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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 Shores 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Finished
Basement: Yes
Cooling: Central Air
Fireplaces: 1
Heating: Central
Lot Size: 0.10 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $12,290
Year Built: 1860
Amenities
Open Floorplan
Balcony/Deck
Feature Descriptions
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Building Area Total: 6722
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 3
Dwelling Type: 4 Family - 4 Units Up/Down
Electric: 60 Amps/Less,200+ Amp Service
Fireplace Y/N: Yes
Flooring: Wood, Tile, Hardwood
HeatingY/N: 1
Lot Features: Corner Lot
Open Parking Y/N: Yes
Parcel Number: M:0011 B:0218 L:,4182108
Parking Features: On Street
Parking Total: 0
Patio And Porch: Porch
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
Rooms Total: 13
Sewer: Public Sewer
Units: 4
Utilities: for Gas Range, for Electric Range
Water: Public
Waterfront Features: Ocean,0 to 1/10 Mile To Beach
Listed By / Shown By
Listed By
Agency Name: North Shore Realty Advisors
Agent Name: Dan Pouladian
Agency Phone: 617-548-7737
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 5,769.15 per month $4,195.19 Principal & Interest $1,024.17 Property Tax $549.79 Homeowner's Insurance
7-11 Wallis St | MLS# 73531689
This multi-family property located at 7-11 Wallis St, Beverly, MA 01915 is currently listed for sale with an asking price of $1,885,000. Search Beverly real estate on www.masiellogrouprealestate.com today.