7 Bridge St - Multi-Family FOR SALE


Danvers, MA 01923
$1,750,000 USD
978-317-6139
7 Bridge St, Danvers, MA for Sale
$1,750,000 USD
Multi-Family - FOR SALE
1/40
null | 5.59% Cap Rate

7 Bridge St
Danvers, MA 01923


HIGHLIGHTS

  • Two detached buildings - four-unit multi-family and a separate commercial building
  • Close proximity to downtown Beverly, Danvers, and Rt128
  • Ample parking with up to 18 spaces

OVERVIEW

Prime investment opportunity! This well-maintained four-unit multifamily property, plus a detached commercial space, offers strong rental potential on one lot. The multifamily includes a studio and 1-bed/1-bath unit on the first floor, a 2-bed/1-bath unit on the second floor, and another 2-bed/1-bath unit on the third floor. In-building coin-op laundry for added tenant convenience. The detached commercial space features a built-out upper level and finished basement, kitchen, and three half-baths—ideal for various business uses. Ample parking with 18 spaces. Convenient access to downtown Beverly, Danvers, Rt 128, and more. A rare chance to diversify your portfolio with both residential and commercial income streams!

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

5

PRICE/UNIT

$350,000

CAP RATE

5.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Pizzo Johanson TeamLUX Realty North ShoreMore Info
978-317-6139

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Pizzo Johanson TeamLUX Realty North ShoreMore Info
978-317-6139

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.