277 Rantoul Street

Beverly, MA 01915

$1,000,000
Price
1
Beds
2
Baths
2
1/2 Baths
4,050 Sq. Ft.
$247 / Sq. Ft.
4,050
Sq. Ft.
$247
per Sq. Ft.

Description

277 Rantoul Street is a great opportunity to own a Downtown Beverly mixed-use 2-story property. The asset has a strong long-term restaurant and two (2) oversized one-bedroom units. One unit has expansion possibilities of adding another bedroom and bathroom. The property boasts a rentable square footage of 4,050± with a total gross of 6,039± SF. The property consists of two (2) one-bedroom units with open floor plans on the 2nd floor and a restaurant on the first floor. Residential tenants pay all...277 Rantoul Street is a great opportunity to own a Downtown Beverly mixed-use 2-story property. The asset has a strong long-term restaurant and two (2) oversized one-bedroom units. One unit has expansion possibilities of adding another bedroom and bathroom. The property boasts a rentable square footage of 4,050± with a total gross of 6,039± SF. The property consists of two (2) one-bedroom units with open floor plans on the 2nd floor and a restaurant on the first floor. Residential tenants pay all utilities except for water/sewer and trash. The seller pays $25/month towards trash for the residential units, the restaurant covers the remainder of the trash bill. The restaurant is responsible for 50% of water/sewer charges. This property offers investors an ideal Downtown Beverly sound investment. This asset is located near the Cummings Center, Lahey Medical, and Beverly Depot with various transportation options, and is accessible to all major thoroughfares.
  1. Listed by Sara Pouladian • North Shore Realty Advisors
  2. Listed by Dan Pouladian • North Shore Realty Advisors

Property Details for 277 Rantoul Street

Town
Beverly
Area
MA-Beverly
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 10/15/2024 03:10 PM

Property Details for 277 Rantoul Street

StatusActive
MLS #73300874
Days on Market12
Taxes$14,464 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1890
CountyEssex County

Building Information for 277 Rantoul Street

Stories5Residences3Year Built1890Building Size-Lot Size0.10 AC / 4,326 SF

Property Information for 277 Rantoul Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Living Area: 4050.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Bulkhead, Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 2
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Carpet
  • SpaYN: No
Exterior Features
  • Roof Material: Rubber
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Two 1 Bedroom units on 2nd floor (TAW) and Restaurant on 1st floor (Lease expires 6/30/27- (has the first right of refusal). Paved driveway not sure on parking spots.
Tax Information
  • Tax ID: M:0011 B:0128 L:,4182020
  • Assessments: $817,600
  • Book: 21692
  • Tax Year: 2024
  • Zoning: CC
Building / Association Information
Living Characteristics
  • Beds Total: 1
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $861.00
  • Annual Expenses Source: Owner
  • GOI: $82,800.00
  • Insurance: $6,000.00
  • GRE: $26,326
  • RME: $2,000
  • NOI: $56,474.00
  • Operating Expense: $26,326.00
  • WSE: $1,824.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $7,200.00

Property History for 277 Rantoul Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 277 Rantoul Street

Taxable ValueLand$330,300Additions$487,300Total$817,600
Home Facts
Baths3Total Finished SqFt4,050 SqFtAbove Grade Finished SqFt4,050 SqFtUnfinished Basement SqFt1,989 SqFtStories2Lot Size4,326 SqFtStyleOffice BuildingYear Built1890ZoningCCCountyESSEXAPNBEVE M:0011 B:0128 L:Fireplace TypeHas Fireplace

Schools near 277 Rantoul Street

This home is within Beverly School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Ayers/Ryal Side School
PublicK to 4

Briscoe Middle School
Public5 to 8

Beverly High School
Public9 to 12

Cove Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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277 Rantoul Street is a multi-family home for sale in Beverly, MA 01915. This property was listed for sale on October 10, 2024 by North Shore Realty Advisors, it's currently listed at $1,000,000. It has been on the market for a total of 12 days and was last sold on September 4, 2003. This listing's school district is Beverly School District. Nearby schools include Ayers/Ryal Side School, Briscoe Middle School and Beverly High School. 277 Rantoul Street is a 1-bed, 3-bath, 4,050 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of North Shore Realty Advisors, Sara Pouladian; North Shore Realty Advisors, Dan Pouladian

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its 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.