For Sale | 45-Unit – Value-Add | Transit Oriented Apartment Community | Beverly, MA
50 Broadway, a forty-five (45) unit apartment community located in Beverly, Massachusetts. The property is less than a 2-minute walk from Beverly Depot MBTA Commuter Rail station and hosts a mix of studio and one-bedroom units.
50 Broadway is an ideal value-add opportunity for investors to increase unit rents through capital improvements and unit renovations. Average rent prices for units are $1,142 - $1,333, while units nearby at 131 Rantoul Street average $2,200.
The Property is proximate to the Beverly Depot MBTA Commuter Rail Station, which provides access to Boston’s North Station in 30 minutes. Additionally, 50 Broadway is 2 miles from the Salem Ferry, a popular commuting option from spring to early fall. The Property benefits from access to local community amenities on Beverly’s Cabot & Rantoul streets, as well as major roadway Routes 1 and 128.
- Property Type
Office
- Submarket
- Property ID
2024579
