Available for immediate acquisition this mixed-use property with an additional abutting potentially developable lot. Current income exceeds $8,000 monthly and $96,000 annually, not including the value-add. 109 Dodge Street is one commercial and residential mixed-use wood frame building situated on 11,020 +/- square feet of land being built around 1688, currently a dental practice on the first floor under lease until October of 2025 with one (1) 5-year option to renew and a 2-bedroom residential apartment above on a tenant-at-will basis. 5 Tozer Road is one residentially zoned parcel of land currently taxed and assessed as a parking lot having a land area of 13,540 square feet. The subject property is located in North Beverly Massachusetts, on the corner of Tozer Road and Dodge Street (Route 1A), accessible by Route 128 in about a two-minute drive time. See website for compete details and zoning information.
5 & 109 Tozer Rd & Dodge St, Beverly, MA, 01915
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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