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 Shore’s 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.
6,722 Sq Ft
4,317 Sq Ft Lot Size
investment
US$1,024 Monthly Tax
Built in 1860
MLS/Listing ID 73531689
3 Stories
4 Units
Hardwood
Stone
Open Floor Plan
Lot - Corner Lot
Parking - On Street
Porch
Community - Highway Access
Community - Medical Facility
Community - T-Station
Community - Walk/Jog Trails
Balcony - Deck
Tile
Natural Wood
Rubber
0 to 1/10 Mile To Beach
Ocean
Public Sewer
Public Water
Washer
Refrigerator
Range
Dryer
Disposal
Dishwasher
Community - Shopping
Community - Public Transportation
Community - Park
Cooling - Central Air
TOTAL MONTHLY COST
US$0
US$0
US$0