11 Park St Peabody MA 01960 MLS #73244976

11 Park St
Peabody, MA, 01960
$1,250,000
5 Beds
5 Baths
2,516 SqFt
0.1 Acres
$1,250,000
11 Park St
Peabody, MA, 01960
Presenting an exceptional investment opportunity in the heart of downtown Peabody: a fully occupied building featuring five one-bedroom apartments, each equipped with its own dedicated parking space. This prime location offers unparalleled convenience, with tenants benefiting from close proximity to bus lines, major commuter routes, and the train station, ensuring easy and efficient travel options. The rental package includes heat and hot water, streamlining the billing process and significantly boosting tenant satisfaction. This well-maintained property is poised to provide a steady income stream and long-term appreciation potential for discerning investors. This is a value-added opportunity as rents are below market with utilities included. Buyers should perform due diligence in all matters when considering a possible acquisition.

Property Details

Price:
$1,250,000
MLS #:
73244976
Status:
Pending
Beds:
5
Baths:
5
Address:
11 Park St
Type:
Multi Family
Subtype:
5-9 Family
City:
Peabody
Listed Date:
May 30, 2024
State:
MA
Finished Sq Ft:
2,516
Total Sq Ft:
2,516
ZIP:
01960
Lot Size:
4,308 sqft / 0.10 acres (approx)
Year Built:
1900
Units:
5

Schools

Interior

Bathrooms
5 Full Bathrooms
Fireplaces Total
2
Flooring
Varies

Exterior

Community Features
Public Transportation, Shopping, Highway Access, Public School
Construction Materials
Frame
Parking Features
Off Street, Paved
Parking Spots
5
Roof
Shingle

Financial

Net Operating Income
$48,861
Tax Year
2024
Taxes
$6,081
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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11 Park St
Peabody, MA