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7 Bridge St

5 Unit Apartment Building $2,883,120 CAD ($576,624 CAD/Unit) Danvers, MA 01923

Investment Highlights

  • Route 62 between Route 128 & Cummings Center

Executive Summary

7 Bridge Street Danvers is situated just off Route 62 at the Ryal Side split and is a mixed-use property containing two (2) buildings with sixteen (16) off-street parking spaces. #7 Bridge is a three-story multi-family property containing four (4) apartments and #7.5 Bridge is a 3,442 +/- square foot commercial building which was the property owners place of business for over 20 years. This is a quintessential value-add investment opportunity or owner occupant situation with additional rental income in place. The property is zoned R2 (Residential) with a Finding to allow commercial uses in the 7.5 Bridge building that the town hall may approve. All five units have separate electric and natural gas, where applicable, and hot water is included in with all four apartments rent.
7 Bridge Street in Danvers is located at the junction of Route 62 and Bridge Street, about a mile from Route 128 toward the west and about a mile from the Cummings Center and Starbucks to the east.

Property Facts

Price $2,883,120 CAD
Price Per Unit $576,624 CAD
Sale Type Investment
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.31 AC
Building Size 6,277 SF
No. Stories 3
Year Built 1900
Parking Ratio 2.55/1,000 SF

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
DANV-000060-000000-000051
Land Assessment
$504,422 CAD
Improvements Assessment
$895,254 CAD
Total Assessment
$1,399,676 CAD

zoning

Zoning Code R2 (Mixed Use - Prime Residential & Commercial)
R2 (Mixed Use - Prime Residential & Commercial)
  • Listing ID: 32637425

  • Date on Market: 2024-07-31

  • Last Updated:

  • Address: 7 Bridge St, Danvers, MA 01923

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