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$1,200,000   Price Analysis
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394 Rantoul St
Beverly, MA 01915
6 bed 4 bath 2,642 SqFt ($454/SqFt)
2,400SqFt lot. Built 1910
Listed 2024-04-07, Taxes $7,932
Ⓧ USDA Ineligible
due to price & location

near Beverly

Investors!

Come take a look at this well maintained income property with 4 Units. 3 Units have been remodeled with new kitchens and baths, granite counters, appliances, refinished wood floors, new thermal pane windows.

There is off street parking for 3+ cars. Units 2 and 3 have glass slders to a porch. Unit 1 and 4 are studios, (unit 1 needs remodeling). 5 Electric 100 Amp services and 4 electric hot water heaters. Showings accompanied and by appoin tment starting April 10th. Offers by 5PM on 4/16/24.


Presented by VIRGINIA CARSON at
TACHE REAL ESTATE, INC.


Property MLS #73221081 from MLSPIN

Bedrooms: 6

Total Rooms: 13
Basement Description: Full, Interior Entry, Concrete

Total Bathrooms: 4
Full Bathrooms: 4

Stone/Granite/Solid Counters
Bathroom with Shower Stall
Upgraded Cabinets
Upgraded Countertops
Bathroom With Tub & Shower
Open Floorplan
Slider
Kitchen
Living Room
Dining Room
Door Features: Insulated Doors
Flooring: Wood, Tile, Laminate, Hardwood, Stone/Ceramic Tile
Window Features: Insulated Windows

Range
Refrigerator
Dishwasher
Microwave
Range Hood

Heating Features: Electric
Heating: Yes

Balcony/Deck
Varies per Unit
Patio And Porch Features: Porch, Deck
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Road Surface Type: Paved

Beach Front
Bay
Harbor
Ocean
1/2 to 1 Mile To Beach
Beach Ownership(Public)

Lot Description: Corner Lot
Lot Size Acres: 0.0550964
Lot Size Square Feet: 2400

Open Parking: Yes
Parking Features: Paved Drive, Off Street, Paved
Parking Total: 3

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 83400
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Number of Units: 4

Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, House of Worship, Public School, T-Station, Sidewalks

Annual Tax Amount: 8238
Tax Block: 0246
Source Listing Status: Active
County: Essex
Directions: Main street
Tax Year: 2024
Source Property Type: Residential Income
Parcel Number: M:0020 B:0246 L:, 4183973
Postal Code Plus 4: 3236
Zoning: CC
Property Subtype: 4 Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$445,400 + $259,000
$704,400
$7,932
2022$397,200 + $204,300
$601,500
$7,320
2021$384,400 + $195,200
$579,600
$7,361
2020$384,400 + $169,700
$554,100
$7,109
2019$368,300 + $129,600
$497,900
$6,577
2018$312,100 + $105,600
$417,700
$5,681
2017$239,800 + $78,000
$317,800
$4,538
2016$223,700 + $78,000
$301,700
$4,341
2015$223,700 + $78,000
$301,700
$4,257
2014$199,600 + $60,000
$259,600
$3,676
2006$239,800 + $110,500
$350,300
$3,461
2005$231,800 + $104,400
$336,200
$3,375
2004$170,400 + $98,800
$269,200
$2,940
2003$147,400 + $95,300
$242,700
$2,818

Listed 2024-04-07
$1,200,000
MLSPIN

Net Operating Income: 83400

Electric: 110 Volts, Circuit Breakers, 100 Amp Service
Sewer: Public Sewer
for Electric Range
Water Source: Public

Year Built: 1910
Building Area Total: 2642
Building Area Units: Square Feet
Construction Materials: Frame
Foundation Details: Stone, Brick/Mortar
Property Age: 114
Roof: Shingle
Levels or Stories: 7
Year Built Details: Approximate
Year Built Source: Public Records

Beverly High School is a public high school located approximately 0.8 miles away.
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St Mary School is a private elementary and middle school located approximately 0.3 miles away.
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Ayers/Ryal Side School is a public elementary school located approximately 0.4 miles away.
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Briscoe Middle School is a public elementary and middle school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.