Townhomes of Beverly
Townhomes of Beverly is a value-add multifamily rental property consisting of 204 townhomes. The property was purchased in August 2015 with a $4.25M capital improvement budget for full unit rehabs and comprehensive common area featuring a newly constructed Class A clubhouse and amenity package upgrade.
The Townhomes of Beverly offer residents plenty of close-by shopping, dining, and entertainment including the adjacent to-be-built North Shore Crossing planned to open in 2016, which will be home to a 35,000 square-foot Whole Foods Market. The complex will also include a bank with a drive-thru, a restaurant, and café, and a building that will house six to eight specialty stores.
On-site community amenities include beautifully landscaped grounds, an outdoor swimming pool with a furnished sundeck, outdoor picnic areas with grills for resident use, and an on-site playground. There is also on-site management and 24-hour maintenance, in addition to the community offering pet-friendly living.
Location & Market
- Economic Overview
- Transportation & Access
- Retail Amenities
- Demographics
- Beverly Housing Market
- Metro Boston Apartment Market
- South Essex County Apartment Market
- Rent Comparables
