MA > Beverly
Beverly, MA 01915,The Cabot Collection
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Beverly, MA 01915,The Cabot Collection
Beverly, MA 01915,The Cabot Collection
Beverly, MA 01915,The Cabot Collection
Beverly, MA 01915,The Cabot Collection
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Spectrum Real Estate Consultants

Spectrum Real Estate Consultants

+1(401) 334-3334
$ 22,000,000
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The Cabot Collection Beverly, MA 01915

99 Beds

81 Baths

52,603 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Side by Side

Listing Status Active

Purchase Type For Sale

Square Footage 52,603 sqft

Price per Sqft $418

MLS Listing ID 73416629

Bedrooms 99

Full Baths 81

Year Built 1890

Annual Tax Amount $194,667

Tax Year 2025

Lot Size 1.090 Acres

Acres 1.09

Property Sub-Type 5+ Family - 5+ Units Side by Side

Property Description

The Cabot Collection includes 8 properties located at 39 Railroad Ave, 5 Pleasant St, and 62, 64, 66, 80, 84 and 130 Cabot St. The Portfolio consists of 3 commercial units, 8 Studio units, (42) 1-Bed units, (22) 2-Bed units, and (2) 3-Bed units, for a total of 77 units centered around Cabot Street in Downtown Beverly, which satisfies the high demand for workforce housing in the Boston/North Shore real estate market. Over the last several years, approximately 68 of the 77 units have been renovated, and more than half of the properties feature newer roofs, most common areas have been cosmetically upgraded and many of the kitchens have been redone with modern upgrades. The opportunity exists to continue with the programmatic upgrade of the residential units to push rental rates in a high demand/limited supply market. The Cabot Collection offers investors the rare opportunity to acquire a critical mass of investment properties in a supply-constrained downtown market within the Boston MSA.

Location

State MA

County Essex

Zoning RHD & CC

Direction 8 Buildings included in listing - Please find addresses in description and use GPS

Exterior

Garage Spaces 2.0

Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

Waterfront Description Harbor,1/2 to 1 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle,Rubber

Total Parking Spaces 72

Garage Yes

Building

Lot Description Other

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Horvath & Tremblay
agent

Spectrum Real Estate Consultants

Admin

+1(401) 334-3334

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The Cabot Collection