Sold
Last Sold Price
6 beds3,482 sqft

245 Rantoul St, Beverly, MA 01915

Multi FamilyProperty Type
0.05 acresLot Size
1800Year Built
$263/sq ftPrice per sq ft
2 carsParking Spaces

Description

This prime Downtown Beverly 3-story oversized three-family has been well maintained and numerous improvements have been made to the property. The property boasts a rentable square footage of 3,482± with a total gross of 4,998± SF. The property consists of two (2) three-bedroom units and one (1) two-bedroom unit all floor through with open floor plans. The property offers tenants coin-op laundry facilities, as well as one (1) surface parking spot and one (1) attached garage for additional income....This prime Downtown Beverly 3-story oversized three-family has been well maintained and numerous improvements have been made to the property. The property boasts a rentable square footage of 3,482± with a total gross of 4,998± SF. The property consists of two (2) three-bedroom units and one (1) two-bedroom unit all floor through with open floor plans. The property offers tenants coin-op laundry facilities, as well as one (1) surface parking spot and one (1) attached garage for additional income. Each unit is separately metered for gas heat /hot water with three newly installed hot water tanks in 2022 as well as separate electric meters. This property offers investors a value-add opportunity with under-market rents currently in place within a supply constrained prime location.
  • Listed by: Dan Pouladian • North Shore Realty Advisors
Listing closed: 08/30/2024 12:00 AM • Source: MLS PIN, MLS#: 73269882
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Location

Listing Courtesy of North Shore Realty Advisors, Dan Pouladian

Sold By North Shore Realty Advisors, Sara Pouladian

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Payment Calculator

$5,560 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,885

Property Taxes

$675

HOA Dues

$0

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Property Information for 245 Rantoul Street

Property Details

  • Taxes: $8,102 / year
  • MLS Type: Multi-family / 3 Family
  • County: Essex County
  • Town: Beverly
  • Area: MA-Beverly
  • Garage Spaces: 1
  • Parking Spaces Total: 2

Building Information

  • Stories: 6
  • Residences: 3
  • Year Built: 1800
  • Lot Size: 0.05 AC / 2,161 SF

General Details

Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station
  • Current Financing: Conv. Fixed
  • Living Area: 3482.0
  • 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
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot
  • Waterfront Features: Beach Front, Harbor, Ocean, 1/10 to 3/10 To Beach
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Off-Street, Leased
  • Parking Features: Off-Street, Leased
  • Parking Features: Off-Street, Leased
Utilities
  • Electric: 200+ Amp Service
  • Sewer: City/Town Sewer
  • Water: Public

Property Information

Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Insurance is an estimate number due to a blank policy on the portfolio. We took the high avg possible but could be lower. $700-$900 per unit
Tax Information
  • Tax ID: M:0011 B:0149 L:,4182041
  • Assessments: $721,500
  • Book: 12953
  • Tax Year: 2024
  • Zoning: CC

Building / Association Information

Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 3
Income / Expenses
  • Electricity: $1,922.00
  • GOI: $76,200.00
  • Insurance: $3,000.00
  • GRE: $6,621
  • RFS: $300
  • RME: $1,500
  • NOI: $65,491.00
  • Operating Expense: $6,621.00
  • WSE: $1,399.00
Complex & Association Information
  • Adult Community: No

Unit Information

Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1

Rental Info

Rental Info
  • Total Actual Rent: $6,350.00

Market and Agent Information

Sale Info
  • Buyer Broker Comp: 1.5
  • Other Agent Compensation: 1

Property History for 245 Rantoul Street

DateEvent & SourcePriceAppreciation
Aug 30, 2024

Sold

MLS PIN #73269882

$915,000—
Aug 8, 2024

Under Agreement

MLS PIN #73269882

—
Aug 8, 2024

Contingent

MLS PIN #73269882

—
DateEvent & SourcePrice
08/30/2024

Sold

MLS PIN #73269882

$915,000
08/08/2024

Under Agreement

MLS PIN #73269882

—
08/08/2024

Contingent

MLS PIN #73269882

—

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

Public Records for 245 Rantoul Street

Taxable Value

Land

$333,700

Additions

$448,300
Total$782,000

Tax Record

2025

$8,594 ($716 / month)

Home Facts

Baths

3

Total Finished SqFt

3,482 SqFt

Above Grade Finished SqFt

3,482 SqFt

Unfinished Basement SqFt

1,110 SqFt

Stories

3

Lot Size

2,161 SqFt

Style

Triplex

Year Built

1800

Year Renovated

1800

Zoning

CC

County

ESSEX

APN

BEVE M:0011 B:0149 L:

Schools near 245 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
Centerville Elementary
PublicK to 4

Briscoe Middle School
Public5 to 8

Beverly High School
Public9 to 12

North Beverly 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of 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.