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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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7- R W Dane St , Beverly, MA 01915
$819,999
Est. Payment: $1,822.22/mo
4 Bed
2 Bath
1801 Sqft
Status: Active | Days on site: 49
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AN4347 - CN203355
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House Description

RARE BEVERLY INVESTMENT & DEVELOPMENT OPPORTUNITY! 7-R West Dane Street is not your typical two-family. Set on an unusually large approximately 8,625 sq. ft. (0.20-acre) lot in Beverly’s desirable CC (Central Business) zoning district, this property offers an exceptional combination of immediate income potential, owner-occupant possibilities and exciting future development potential. The existing two-family provides flexibility from day one: the first-floor unit is vacant and ready for renovation or occupancy, while the second-floor unit is currently occupied by a month-to-month tenant. The property needs updating, giving its next owner the opportunity to renovate, reposition and unlock additional value. What truly sets this property apart is the LAND and ZONING. The CC district is designed to support Beverly’s central commercial core and allows a variety of residential, commercial and mixed-use possibilities, subject to applicable requirements and approvals. Investors and developers should take a serious look at what may be possible with a lot of this size in this location. Additional features include a large basement, two-car garage, expansive driveway providing valuable off-street parking, spacious backyard, water fountain and even a chicken coop. Whether you're looking for a two-family to renovate and hold, an owner-occupied property with rental income, or your next development project, opportunities combining this much land, existing improvements and flexible CC zoning are hard to find in Beverly. Property sold as-is. Buyer and buyer’s agent to perform all due diligence regarding zoning, development potential, permitted uses, measurements and property information. If you know a developer or investor – forward this to them. Very rare opportunity.

Highlights

Listed by Brian Averback , 978-836-2745 Century 21 North East , 781-286-8900.

Property Type

Multi-Family

Lot/Acreage
0.2

Year Built

1900

County

Essex

Listing ID

73556786

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Washer, Range, Dishwasher, Refrigerator, Freezer
Air Cond:Central Air,Window Unit(s)
Fireplaces:
Floor:Wood,Tile,Carpet,Varies,Laminate
Other:
  • Additional:Laundry Room, Ceiling Fan(s), Pantry, Living Room, Kitchen
Water:Public

Exterior Features

Garage Capacity:6
Zoning:CC
Others:
  • Additional:Garden
Sewer:Public Sewer
Parking Features:Paved Drive,Off Street,Parking Spaces: 6
Principal Interest
$1,822
Taxes
$584

Home Price

$819,999

Loan Details

30 yrs
%

Down Payment

20%
$164,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,822.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,822.22 $583.92 $0.00 $2,406.14
Yearly $21,866.64 $7,007.00 $0.00 $28,873.64
Total $655,999.20 $210,210.00 $0.00 $866,209.20

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Beverly, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.