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Pristine Beverly two-family Colonial across from Jubilee Yacht Club, steps from Sandy Point beach and close to Independence Park, Dane St Beach, downtown Beverly, commuter rail and more. Both units are occupied with dependable tenants. Great opportunity for a well-maintained investment property– see agent for list of improvements/updates. First floor – one bedroom, one bath unit with large sunny living room, front door entrance and foyer, dining room or office, laundry. Second/ Third floor –two-bedroom, one bath unit with large living/dining room, spacious skylit loft with slider, laundry. Separate utilities. Fenced in yard with patio. Off-street and resident parking for each unit. Showings available by apt only.

  • Gross Income:
    Unit 1: $1,700/month
    Unit 2: $2,000/month*
    Total: $44,400/per year
    Annual expenses:
    Heat/Gas/Electric: Paid by tenant
    Water/Sewer/Trash: $320/per quarter ($1,280)
    Repair/Maintenance: $3,000
    Yard Maintenance: $2,400 (Unit #2 credit of $200/month for yard maintenance) Insurance: $1,700 (Safety insurance company)
    Taxes: $7,299
    Net Income: $28,721
  • Fireplace is sealed

Property Details

MA2801
Colonial
Essex
Nicole Monahan
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