7 Bridge St
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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.
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 | Building Class | C |
Price Per Unit | $576,624 CAD | Lot Size | 0.31 AC |
Sale Type | Investment | Building Size | 6,277 SF |
No. Units | 5 | No. Stories | 3 |
Property Type | Multifamily | Year Built | 1900 |
Property Subtype | Apartment | Parking Ratio | 2.55/1,000 SF |
Apartment Style | Low Rise |
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
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PROPERTY TAXES
Parcel Number | DANV-000060-000000-000051 | Improvements Assessment | $895,254 CAD |
Land Assessment | $504,422 CAD | Total Assessment | $1,399,676 CAD |
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) |
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7 Bridge St
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