Historical Mixed-Use Building! Discover an exceptional investment opportunity in this beautifully updated property in vibrant Downtown Beverly. This property features a prime first-floor commercial space with a valuable liquor license, central A/C,offering approximately 3,357 square feet of versatile space, ideal for a bar, restaurant, wedding venue, entertainment venue, or retail venture. The finished basement adds extra potential for storage or expansion.Additionally, there are three updated residential units: - Unit 1: A spacious three-bedroom with a remodeled kitchen, open-concept living area, in-unit washer/dryer, tiled bathroom, and high ceilings. - Unit 2: A bright one-bedroom unit with modern finishes, high ceilings, and in-unit laundry. - Unit 3: A large cozy studio with a flexible floor plan and a back porch.Each residential unit is modernized, ensuring a fresh atmosphere that attracts tenants.
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Last Updated: October 14th, 2024 at 6:43am
Walk/jog Trails
Conservation Area
Highway Access
House Of Worship
Public School
Shopping
Golf
Park
Medical Facility
Laundromat
Bike Path
Public Transportation
T-station
Pool
Tennis Court(s)
Stable(s)
Marina
Private School
University
Sidewalks
General Information for 7-11 Wallis St, Beverly, Massachusetts 01915
Property TypeResidential Income
Property Sub TypeMulti Family
Price$1,975,000
Price per sqft$293.81
MLS #73299930
Handicap Access / FeaturesYes
List Date2024-10-08
Special Listing ConditionsNo
StateMassachusetts
Street NameWallis St
CityBeverly
Zip Code01915
CountyEssex
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total6722
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress7-11 Wallis St, Beverly MA 01915
Zoning
Interior Features for 7-11 Wallis St, Beverly, Massachusetts 01915
* Approx. Living Area Total6,722 sq ft
Living Area Includes BasementNo
Bedrooms5
* # Fireplaces1
Bathrooms (Total)4.5
Full Baths3
* # Half Baths3
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure1 commercial unit on the first floor and 3 residen
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$795
MLS Area (Major)
MLSPIN_BEDRMS_13
MLSPIN_BEDRMS_21
MLSPIN_BEDRMS_30
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_4
MLSPIN_GRE$26,850
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_43
OffMarketDate
Exterior Features for 7-11 Wallis St, Beverly, Massachusetts 01915
* Approximate Lot Size0.1 acres
Covered Parking Spaces0
Lot FeaturesNo
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1860
Year Built Details
Year Built SourcePublic Records
Construction MaterialsNo
Exterior Features
Foundation Area
Foundation MaterialsStone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)4,317 Sqft
Disclosures for 7-11 Wallis St, Beverly, Massachusetts 01915
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure1 commercial unit on the first floor and 3 residen
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 7-11 Wallis St, Beverly, Massachusetts 01915
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceEstimated
Gross Income$126,310
Insurance Expense$9,600
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT13100
MLSPIN_RENT21850
MLSPIN_RENT31800
MLSPIN_RENT43630
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$98,910
OperatingExpense$26,850
OriginalListPrice$1,975,000
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water), Unit 3(water)
TOTAL_RENT10480
WaterSewerExpense$1,250
Lifestyle Information for 7-11 Wallis St, Beverly, Massachusetts 01915
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront Features0 To 1/10 Mile To Beach, Beach Front, Beach Ownership(public), Harbor, Ocean, Walk To
Location information for 7-11 Wallis St, Beverly, Massachusetts 01915
Elementary School
Middle School
High School
NumberOfUnitsTotal4
Marketing History for 7-11 Wallis St, Beverly, Massachusetts 01915
MLSPIN_MARKET_TIME_BROKER5
MLSPIN_MARKET_TIME_PROPERTY5
PurchaseContractDate
Agent Information for 7-11 Wallis St, Beverly, Massachusetts 01915