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.
- Parking:
- Off Street
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Electric Feature:
- Other (see Remarks), Individually Metered, Common
- Garage Parking:
- 2
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Water, Gas, Unit 2(heat, Hot Water), Unit 1(heat
- Market Time:
- 22
- Parking Spaces:
- 74
- Tax Year:
- 2025
- Status:
- Closed
- Price Per Sqft:
- $409
- Zoning:
- RHD & CC
- No Units:
- 77
- Orig Price:
- $22,000,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Beverly
- State:
- MA
- County:
- Essex
- Postal Code:
- 01915
- Longitude:
- W71° 7' 16.6''
- Latitude:
- N42° 33' 5''
Residential Income
The Cabot Collection, Beverly, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $22,000,000
- Bedrooms :
- 99
- Rooms :
- 99
- Total Bathrooms :
- 81
- Full Bathrooms :
- 81
- Square Footage :
- 52,603 Sqft
- Year Built :
- 1890
- Lot Area :
- 1.09 Acre
- Listing ID :
- 73416629
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
