Lynn D'Avolio
Coldwell Banker Residential Brokerage | 801-597-2857 | lynn1@soldbylynn.com

75 Herrick St, Beverly, MA 01915

Montserrat

Commercial

$390,120
Price
$430,080
Sale Price

1
Buildings
Commercial Condo
Type of Comm.
For Sale are 6 Medical office condominiums fully leased with gross income of 100,560 unit # 106, 201, 202, 205, 207b & 83 Herrick unit 2005 condo fees $2542.33 per mo. 4 units will be $3885.00 mo NNN 2 yr lease & 2 units Gross rent $1950 mo 3 + yr leases
Highlights
Sale Price: $430,080
Settled Date: 8/10/2016 12:00:00 AM
Area/Village: Montserrat
List Price: $390,120
Type: Commercial
Type of Comm.: Commercial Condo
Status: Sold
Restrooms: 3
Stories: 2
Buildings: 1
Total Units: 3
Total Sq. Ft.: 2,969
Year Built: 1960
Approx. GLA: 2,969
Sub Dividable: P
MLS#: 71977544
 
 
Interior
Elevator: Yes
Exterior
Space Dividable: Yes
Expandable: No
Handicap Access: Yes
Parking Spaces: 152
Parking Features: Open, Improved Driveway, Paved Driveway, Leased, On Site, Shared
Construction: Brick
Railroad Siding: No
Site Condition: Dry, Level, Improved
Location: Suburban, Office Park, Interstate, Highway Access
Utilities: Public Water, Public Sewer, Natural Gas, 110 Volts, 220 Volts
Taxes
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assoc. Fee Includes: Refuse Removal, Air Conditioning, Parking, Heat, Hot Water, Electric, Gas, Water, Sewer, Master Insurance, Elevator, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal
Assessed Building Value: $469,700
Condo Assoc.: Yes
Exchange: No
Gross Annual Expenses: $44,685
Gross Annual Income: $100,560
Taxes: $12,497
Homeowner's Assoc. Fee: $30,508
Tax Year: 2016
Net Operating Income: $55,875
Book/Page: 000/00
Lease Price Includes: Building
Sublet: No
Plat Plan: No
Special Financing: No
Survey: No
Total Assesed Value: $469,700
Zone Description: Legal Conforming
Features
Office Sq. Ft.: 3,251
Office Units: 15
 
Additional
Disclosure Declaration: No
Disclosure: medical condos is on 99 yr leased land from Beverly Hospital
For Lease: No
Lease Type: Ground Lease, Triple Net Lease (NNN)
Space Available: For Sale
Map
The listing office is Coldwell Banker Residential Brokerage - Lynnfield and the listing agent is Rossetti/Poti Team. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 6/25/2017 7:35:00 AM.
 
Lynn D'Avolio
Lynn D'Avolio
Coldwell Banker Residential Brokerage