$1,600,000
$1,750,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
7 & 7 1/2 Bridge St Danvers, MA 01923
2,117 SqFt
Key Details
Sold Price $1,600,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,117 sqft
Price per Sqft $755
MLS Listing ID 73332205
Sold Date 04/22/25
HOA Y/N false
Year Built 1972
Annual Tax Amount $16,409
Tax Year 2025
Lot Size 0.310 Acres
Acres 0.31
Property Description
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!
Location
State MA
County Essex
Area Danversport
Zoning R2
Direction On the corner of Elliott St & Bridge St (directly across from the gas station).
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Rubber
Total Parking Spaces 18
Others
Senior Community false
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Bought with Patricia Cappiello • Turn Key Realty