$4,300,000
111 Main St
Peabody, MA, 01960
111 Main Street consists of two desirable, three-story buildings and contains a total of twenty-one residential units comprised of a three family property (front building) consisting of three 3-Bedroom/1 Bathroom units, and an 18-unit building (rear building) with eighteen Studio units. The well-maintained Property has received significant capital investment improvements since acquisition, including a new parking lot, renovated common areas, exterior updates (painting, siding, shutters), new mechanicals (both buildings), and renovations to most of the unit interiors. The front building is separately metered for electricity, heat and hot water, which the Tenants pay directly. The rear building is separately metered for electricity and the landlord is responsible for common area electric, heat and hot water. 111 Main Street offers the opportunity to acquire a well-maintained, fully leased, turnkey investment and is ideal for a potential buyer looking for income growth and strong returns
Property Details
Price:
$4,300,000
MLS #:
73316838
Status:
Pending
Beds:
27
Baths:
21
Address:
111 Main St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Side by Side
City:
Peabody
Listed Date:
Dec 3, 2024
State:
MA
Finished Sq Ft:
10,152
Total Sq Ft:
10,152
ZIP:
01960
Lot Size:
13,068 sqft / 0.30 acres (approx)
Year Built:
2000
Units:
21
Schools
Interior
Bathrooms
21 Full Bathrooms
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T- Station
Parking Features
Paved Drive, Off Street
Parking Spots
12
Roof
Shingle
Financial
Tax Year
2024
Taxes
$26,983
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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111 Main St
Peabody, MA
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