MA
Essex
Beverly
01915
7-11 Wallis St
7-11 Wallis St, Beverly, MA 01915
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Listing Type
Multi Family
Listing Status
Active
8
$1,885,000

Home Details for 7-11 Wallis St

Price
$1,885,000
Type
Residential Income
Bedrooms
5
Total Bathrooms
6
Full Bathrooms
3
Half Bathrooms
3
Square feet
6722
Year built
1860
Lot size acres
0.1
County
Essex
Total rooms
13
Basement
Full, Finished
MLS Listing#
73531689
Property Description

A rare opportunity to acquire a trophy mixed-use asset in the heart of Downtown Beverly. Meticulously renovated throughout, the property blends historic character, modern systems, and durable in-place cash flow in one of the North Shore’s most desirable downtown markets. The property contains approximately 6,722± rentable square feet within a 10,223± gross square footage and features three (3) renovated residential units alongside the iconic home of Off Cabot Comedy & Events, a destination entertainment venue with a strong following. The commercial tenancy offers stable income with 5% annual rent escalations, creating built-in NOI growth and long-term stability. The unit mix of one studio, one 1-bedroom, & one 3-bedroom underwent gut renovations with sun-filled open floor plans, soaring ceilings, hardwood flooring, beautiful woodwork, large bathrooms, eat-in kitchens, and in-unit laundry. Fantastic opportunity to own a gorgeous property right in Downtown Beverly.

Property Features
  • Basement
    • Full
    • Finished
  • Waterfront and Water Access
    • Ocean Front
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
  • House Interior
    • Open Floorplan
  • Parking
    • On Street
Listing Courtesy: North Shore Realty Advisors - 617-548-7737
Presented by: Dan Pouladian
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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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