Tina McManus | Beverly Real Estate, Salem Real Estate, Hamilton Real Estate, Danvers Real Estate

16 Dane St, Beverly, MA 01915  

Multi-Family
$860,000
Price
$866,000
Sale Price
5
Units
3,470
Approx. GLA
WANTED INVESTORS. Your dollars work harder with this Five-unit apartment rental near Beverly's downtown shops and restaurants, Dane Street beach, Montserrat College of Art, and the Library. The building consists of Four, 1-bedroom units and one, 2-bedroom unit, all with an at-will tenancy. Among the improvements to the building: insulated in 2013, knob & tube wiring removed and building re-wired in 2007, exterior painted in 2015, oil tank replaced in 2019. Separate heat and electric. Off-street parking for 3-4 cars and parking available on-street. Buy Today; Profit Tomorrow! Group showings only - on Monday, 7/15, 2 & 3 pm and Thursday, 7/18 2 & 3 pm. - call to confirm. Offers, if any, to be presented on Friday.
Highlights
Sale Price: $866,000
Settled Date: 8/29/2019 12:00:00 AM
Basement Features: Full, Interior Access, Bulkhead, Dirt Floor
List Price: $860,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Sold
Beds: 6
Baths: 5
Units: 5
Year Built: 1900
Approx. GLA: 3,470
MLS#: 72533498
 
 
Interior
Basement: Yes
Electricity Cost: $380
Electric Features: Circuit Breakers, Individually Metered
Heating Units: 5
Flooring: Wood, Tile, Vinyl, Wall to Wall Carpet
Hot Water: Natural Gas, Tank
Rooms: 15
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.07
Lot Size: 2,868.00
Lot Description: Corner, Paved Drive
Foundation: Fieldstone
Parking Spaces: 3
Parking Features: Tandem, Paved Driveway
Road Type: Public, Paved, Publicly Maint.
Color: Gray
Roof Material: Asphalt/Fiberglass Shingles, Other (See Remarks)
Utility: for Gas Range, for Electric Range
Exterior: Aluminum
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $763,500
Taxes: $10,086
Tax Year: 2019
Book/Page: 26699/235
Warranty Available: No
Beach
Beach: Yes
Miles to Beach: 1/2 to 1 Mile
Beach Description: Harbor, Ocean, Walk to
Beach Ownership: Public
Expenses
Expenses Source: Owner Provided
Gross Income: $47,950
Gross Expenses: $18,467
Total Rent: $4,275
Net Income: $42,379
Gas Cost: $576
Insurance Cost: $3,820
Refuse Cost: $500
R&M Cost: $2,262
Sewer Cost: $720
Water Cost: $363
 
Additional
Amenities: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Disclosure Declaration: No
Disclosure: Photos are of apartments 3, 5, and 2 - in that order. Apartments 2 and 4 are of similar size & layout. Apartments 1 & 3 are of similar size and layout. Unit 5 is a 2-bedroom.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 No 1 $700
Unit 2 3 1 0 1 1 0 No 1 $825
Unit 3 3 1 0 2 1 0 No 1 $700
Unit 4 3 1 0 2 1 0 No 1 $800
Units Extras
Unit 1
Rent Includes:  Water, Hot Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Forced Air, Gas  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water, Hot Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Hot Water Radiators, Gas  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Water, Hot Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Forced Air, Gas  Rooms:  Living Room 
Unit 4
Rent Includes:  Water, Hot Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Hot Water Radiators, Gas  Rooms:  Living Room, Kitchen 
Map
Area Sales
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The listing office is LAER Realty Partners and the listing agent is Tina McManus. 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 it's 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. The data was last modified on 12/18/2018 2:44:00 PM.
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