53 Hale Street

Beverly, MA 01915

$2,975,100
Price
17
Beds
9
Baths
7,051 Sq. Ft.
$422 / Sq. Ft.
7,051
Sq. Ft.
$422
per Sq. Ft.

Description

All offers due Monday (5/13) by 6 PM. Seller reply by Tuesday (5/14) by 6 PM. Final Group showing by appointment only. Monday (5.13), 10 AM – email Listing Broker if you plan to attend the Group showing. A Beverly Cove investment opportunity not to be missed! The perfect blend of superior location with a strong income stream. Only 2 blocks to Dane St Beach and thriving Downtown Beverly. Less than ¾ mile to Beverly MBTA. Three well-maintained contiguous parcels (combined lot 17,228+- sq ft) with 9...All offers due Monday (5/13) by 6 PM. Seller reply by Tuesday (5/14) by 6 PM. Final Group showing by appointment only. Monday (5.13), 10 AM – email Listing Broker if you plan to attend the Group showing. A Beverly Cove investment opportunity not to be missed! The perfect blend of superior location with a strong income stream. Only 2 blocks to Dane St Beach and thriving Downtown Beverly. Less than ¾ mile to Beverly MBTA. Three well-maintained contiguous parcels (combined lot 17,228+- sq ft) with 9 units on desirable Hale Street with 20+- car parking to be sold as a package. Eight nicely appointed 2-bedroom apartments & one 1-bedroom apartment. See separate income & expense statement and breakdown of Leases/TAW's. . Can also be purchased with 12 Highland Ave, Beverly. Another outstanding downtown 4-unit property ($1.2M) and 21 Symonds St, Salem. A strong income producing 3-unit in North Salem ($950K).
  1. Listed by Gary Blattberg • RE/MAX Beacon

Property Details for 53 Hale Street

Town
Beverly
MLS Area
Beverly Cove
Area
MA-Beverly-Beverly Cove, MA-Beverly
Garage Spaces
0
Parking Spaces
20.00
Parking Spaces Total
20

Location

Listing Courtesy of RE/MAX Beacon, Gary Blattberg
Add your commute
LISTING UPDATED: 05/14/2024 05:11 PM

Property Details for 53 Hale Street

StatusContingent
MLS #73235436
Days on Market5
Taxes$25,214 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1880
CountyEssex County

Location

Listing Courtesy of RE/MAX Beacon, Gary Blattberg
Add your commute

Building Information for 53 Hale Street

Stories11Residences9Year Built1880Building Size-Lot Size0.40 AC / 17,228 SF

Payment Calculator

$18,338 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,236

Property Taxes

$2,101

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 53 Hale Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Living Area: 7051.0
  • Color: Varies
  • SqFt with Basement: No
  • Total Units: 9
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Disposal, Refrigerator, Dishwasher, Microwave
  • Basement Features: Full, Walk Out, Interior Access, Dirt Floor, Concrete Floor
  • Num of Baths: 9.0
  • Num of Full Baths: 9
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 9.00
  • Bathrooms Total Integer: 9
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Vinyl, Varies
  • Interior Features: Bathroom With Tub & Shower, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Living Room, Kitchen
  • SpaYN: No
  • Window Features: Skylight(s), Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony, Rain Gutters
  • Exterior Features: Balcony, Deck, Deck - Wood
  • Patio And Porch Features: Deck, Deck - Wood
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Beach Access, Ocean, Walk to, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Improved Driveway, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Improved Driveway, Paved Driveway
  • Parking Features: Off-Street, Improved Driveway, Paved Driveway
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered, Varies per Unit
  • Green Energy Efficient: Varies per Unit
  • Heating: Forced Air, Natural Gas, Individual, Unit Control
  • Heating: Yes
  • Sewage District: SESD
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Legal 9 unit building. Income & expense statement reflects 11 units & $2640 generated from coin-op. If presenting an offer,please include that Buyer agrees to cooperate w/ the Seller if Seller elects to enter into a 1031 Like Kind Exchange. Offers should be 1 PDF. Do not send links w multiple docs.
Tax Information
  • Listing Terms: Other (See Remarks)
  • Assessments: $2,235,000
  • Book: 35600
  • Tax Year: 2024
  • Zoning: R6
Building / Association Information
Living Characteristics
  • Beds Total: 17
  • Total Living Levels: 11
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 9
  • Heat Zones: 9
Income / Expenses
  • Electricity: $5,342.00
  • Annual Expenses Source: Owner
  • GOI: $278,940.00
  • Gross Scheduled Income: $5,719.00
  • Insurance: $9,450.00
  • GRE: $51,449
  • MSE: $1,272
  • RFS: $900
  • NOI: $227,491.00
  • Operating Expense: $51,449.00
  • WSE: $3,552.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 3
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $23,025.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1
  • Other Agent Compensation: 1

Property History for 53 Hale 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 53 Hale Street

Taxable ValueLand$379,000Additions$356,900Total$735,900
Tax Record2024$8,264 ($689 / month)
Home Facts
Baths3Total Finished SqFt2,188 SqFtAbove Grade Finished SqFt2,188 SqFtUnfinished Basement SqFt875 SqFtStories3Lot Size5,780 SqFtStyleTriplexYear Built1880ZoningR6CountyESSEXAPNBEVE M:0012 B:0074 L:

Schools near 53 Hale Street

This home is within Beverly School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Public - K to 4
Rating
School
Distance
Briscoe Middle School
Public5 to 8

Beverly High School
Public9 to 12

Cove Elementary School
PublicK to 4

Ayers/Ryal Side 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 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. 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 RE/MAX Beacon, Gary Blattberg

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.