59-61 Beverly Street
Opportunity for value added multi family with upside potential in a commuter friendly location
Marketing description
59–61 Beverly Street offers a rare opportunity to add value and customize a well‑configured three‑family property. Featuring a two‑car garage, fenced‑in yard, and full walk‑out basement, the property provides strong fundamentals with room for improvement.
The first and second floor units each include three bedrooms, eat‑in kitchens, living rooms, and full bathrooms, while the third‑floor unit features one bedroom, a kitchen, and a full bath—an ideal layout for maximizing rental potential.
A partially finished basement adds flexibility, and all units are equipped with essential appliances, making the property functional while offering clear upside for renovation and modernization. Located close to transportation, highways, shopping, and the airport.
A solid value‑add opportunity in a convenient location. Possibility of subdivision of the lot
Investment highlights
Investment Outline – Three‑Family Residential Property
1. Property Overview
- Asset Type: Three‑family residential property
- Key Features: Two‑car garage, full walk‑out basement, fenced‑in yard
- Condition: Well‑maintained; units are functional and ready for updates to increase value
2. Unit Configuration
- First‑Floor Unit:
- 3 bedrooms
- Eat‑in kitchen
- Living room
- Full bathroom
- Second‑Floor Unit:
- 3 bedrooms
- Eat‑in kitchen
- Living room
- Full bathroom
- Third‑Floor Unit:
- 1 bedroom
- Kitchen
- Full bathroom
- Basement:
- Full walk‑out basement
- Partially finished, providing additional usable space
3. Current Use & Tenant Readiness
- All units include essential appliances
- Property is rent‑ready, with no indication of deferred maintenance affecting habitability
4. Value‑Add Opportunities (Investor Analysis)
- Interior Updates:
- Kitchen and bathroom modernization
- Flooring, paint, fixtures to support higher rents
- Basement Upside:
- Improve or fully finish basement space (subject to zoning and code) to increase utility or tenant appeal
- Garage & Yard Monetization:
- Potential for garage parking premiums
- Fenced yard adds appeal for long‑term tenants
(These are strategic considerations inferred from the property description, not guaranteed outcomes.)
5. Location Advantages
- Convenient access to:
- Major highways
- Shopping
- Airport
- Train station
Investment Impact: Strong commuter accessibility supports tenant demand and resale liquidity.
6. Target Investor Profile
- Ideal For:
- Buy‑and‑hold investors
- Owner‑occupants seeking rental income from additional units
7. Income Potential (Qualitative)
- Three separate rental units diversify income streams
- Unit mix supports both family‑sized rentals (3‑bedroom units) and smaller households (1‑bedroom unit)
- Opportunity to improve net operating income through renovations and rent optimization
(No rent or cap‑rate figures are stated in the source document.)
8. Risk Considerations (Investor Analysis)
- Renovation costs must be managed to avoid over‑improvement
- Basement use may be limited by local zoning/building codes
- Market rents and expenses should be validated during due diligence
9. Exit Strategies
- Long‑term hold for stabilized cash flow
- Refinance after value‑add improvements
- Sale to another investor or owner‑occupant seeking multi‑family income
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