Unit Information
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. Commercial unit could be delivered vacant or tenanted, we have a user that wants to sign a 5/5 NNN lease. See website for full investment details including full unit descriptions and rent roll.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Zip Code: 01923
- Living Levels: 3
- Parking
- Parking: Paved Drive, Shared Driveway, Off Street, Paved
- Parking Spaces: 16
- Rooms and Dimensions
- Total Units: 5
- Total Floors: 3
- Total Rooms: 20
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$2,050,000
- Listing ID: 73271045
- Bedrooms: 6
- Full Baths: 4
- Half Baths: 2
- Living Area: 6,277 sqft Convert
- Lot Size: 13,447 sqft Convert
- Acres: 0.31
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |