MA
Essex
Beverly
01915
The Cabot Collection
The Cabot Collection, Beverly, MA 01915
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Listing Type
Multi Family
Listing Status
active
30
$22,000,000

Home Details for The Cabot Collection

Price
$22,000,000
Type
Residential Income
Bedrooms
99
Bathrooms
81.0
Square feet
52603
Year built
1890
Lot size acres
1.09
County
Essex
Total rooms
99
Garage
2
Days on site
67
MLS Listing#
73416629
Property Description

The Cabot Collection includes 8 properties located at 39 Railroad Ave, 5 Pleasant St, and 62, 64, 66, 80, 84 and 130 Cabot St. The Portfolio consists of 3 commercial units, 8 Studio units, (42) 1-Bed units, (22) 2-Bed units, and (2) 3-Bed units, for a total of 77 units centered around Cabot Street in Downtown Beverly, which satisfies the high demand for workforce housing in the Boston/North Shore real estate market. Over the last several years, approximately 68 of the 77 units have been renovated, and more than half of the properties feature newer roofs, most common areas have been cosmetically upgraded and many of the kitchens have been redone with modern upgrades. The opportunity exists to continue with the programmatic upgrade of the residential units to push rental rates in a high demand/limited supply market. The Cabot Collection offers investors the rare opportunity to acquire a critical mass of investment properties in a supply-constrained downtown market within the Boston MSA.

Property Features
  • Water Features
    • Public
  • Parking
    • Off Street
Listing Courtesy: Horvath & Tremblay - 781-776-4000
Presented by: Stephen Girolamo
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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