Sold
Last Sold Price
1 bed4,050 sqft

277 Rantoul St, Beverly, MA 01915

Multi FamilyProperty Type
0.10 acresLot Size
1890Year Built
$210/sq ftPrice 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.
  • Listed by: Sara Pouladian • North Shore Realty Advisors
  • Listed by: Dan Pouladian • North Shore Realty Advisors
Listing closed: 12/10/2024 12:00 AM • Source: MLS PIN, MLS#: 73300874
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Location

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

Sold By North Shore Realty Advisors, Sara Pouladian

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Payment Calculator

$5,743 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,538

Property Taxes

$1,205

HOA Dues

$0

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Property Information for 277 Rantoul Street

Property Details

  • Taxes: $14,464 / year
  • MLS Type: Multi-family / 3 Family
  • County: Essex County
  • Town: Beverly
  • Area: MA-Beverly
  • Garage Spaces: 0
  • Parking Spaces Total: 0

Building Information

  • Stories: 5
  • Residences: 3
  • Year Built: 1890
  • Lot Size: 0.10 AC / 4,326 SF

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
  • Current Financing: Conv. Fixed
  • 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
Dec 10, 2024

Sold

MLS PIN #73300874

$850,000—
Nov 13, 2024

Under Agreement

MLS PIN #73300874

—
Nov 13, 2024

Contingent

MLS PIN #73300874

—
DateEvent & SourcePrice
12/10/2024

Sold

MLS PIN #73300874

$850,000
11/13/2024

Under Agreement

MLS PIN #73300874

—
11/13/2024

Contingent

MLS PIN #73300874

—

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

Public Records for 277 Rantoul Street

Taxable Value

Land

$360,400

Additions

$506,100
Total$866,500

Tax Record

2025

$18,578 ($1,548 / month)

Home Facts

Baths

3

Total Finished SqFt

4,050 SqFt

Above Grade Finished SqFt

4,050 SqFt

Unfinished Basement SqFt

1,989 SqFt

Stories

2

Lot Size

4,326 SqFt

Style

Office Building

Year Built

1890

Year Renovated

1890

Zoning

CC

County

ESSEX

APN

BEVE M:0011 B:0128 L:

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
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, 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.