593 Cabot Street
About This Property
Great investor opportunity for this 3 family + an additional unit in the front, street level, currently used as a hair salon with a single station. Walking distance to Henry's market, North Beverly Plaza & other shops. Owners unit on the first floor with large fireplaced living room and an extra finished room in the basement along with the laundry. The 2 other 1BR units are on the second floor. The salon has a half bath & kitchenette room and is heated by electric baseboard - it could be used as a home business. Newer roof. Newer single gas boiler & newer gas HW tank for the whole property. Convenient to Rt 128. Within walking distance to North Beverly train station. This property has the potential to produce approximately $5,000/month in income: $2,000/mo for the main unit, $1100/mo for the each of the 1BR units and $800/mo for the salon which yields $60K annually (minus $15,516 annual expenses + any other expenses). Property has Certificate of Inspection from Beverly building dept.
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