Peabody 27 Bed 21 Bath Multi-Family Home for Sale

Any
Boston
Boston - Allston
Boston - Back Bay
Boston - Bay Village
Boston - Beacon Hill
Boston - Brighton
Boston - Charlestown
Boston - Chinatown
Boston - Dorchester
Boston - Downtown
Boston - East Boston
Boston - Fenway
Boston - Fort Hill
Boston - Hyde Park
Boston - Jamaica Plain
Boston - Mattapan
Boston - Mission Hill
Boston - North End
Boston - Roslindale
Boston - Roxbury
Boston - Seaport
Boston - South Boston
Boston - South End
Boston - West End
Boston - West Roxbury
Abington
Andover
Arlington
Belmont
Beverly
Billerica
Braintree
Bridgewater
Brookline
Burlington
Cambridge
Canton
Chelsea
Cohasset
Danvers
Dedham
Everett
Framingham
Gloucester
Hingham
Lawrence
Lexington
Lowell
Lynn
Lynnfield
Malden
Marlborough
Medford
Melrose
Methuen
Milton
Natick
Needham
Newton
North Reading
Norwood
Peabody
Pembroke
Plymouth
Quincy
Randolph
Reading
Revere
Salem
Saugus
Sharon
Somerville
Stoneham
Stoughton
Swampscott
Taunton
Wakefield
Waltham
Watertown
Wayland
Wellesley
Westwood
Weymouth
Wilmington
Winthrop
Woburn

Not Available - Off Market

$4,300,000

Total Beds: 27 Total Baths: 21

Total Units: 21 SQFT: 10152

LOT size: 0.30 Acres

111 Main St
Peabody, MA 01960
View Map

This Property is No Longer Available

Property Description

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

Building Information

Total Units: 21
Total Floors: 3
Total Bedrooms: 27
Total Full Baths: 21
Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
Basement Features: Unfinished Basement

Financial

APOD Available: Yes
Gross Operating Income: 406692
Gross Expenses: 113712
Net Operating Income: 292980

Utilities

Electric Info: Individually Metered
Water: City/Town Water, Private
Sewer: City/Town Sewer, Private

Unit 1 Description

Included in Rent: Water
Under Lease: No
Floors: 1
Levels: 1

Unit 2 Description

Included in Rent: Water
Under Lease: No
Floors: 2
Levels: 1

Construction

Year Built: 2000
Type: 5+ Family - 5+ Units Side by Side
Foundation Info: Other (See Remarks)
Roof Material: Aluminum, Asphalt/Fiberglass Shingles
Lead Paint: Certified Treated
Warranty: No

Other Information

MLS ID# 73316838
Last Updated: 12/16/24

Mortgage Calculator

Click to see breakdown

Map

Seller's Representative: John Pentore, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-12-16 10:59:00

111 Main St Peabody, MA 01960