111 Main St, Peabody, MA, 01960
51 rooms
27 beds
21 Full baths
2000
10,152 sqft
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
Status:
Active
Type:
Multi-family
Units:
21
Zoning:
BC
Basement:
Unfinished
Levels:
3
Parking:
12-car, Paved Drive, Off Street
Acreage:
0.3
Est. Taxes:
$26,983
Assessment
$2,958,700
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
MLS #:
73316838
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No
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Listing courtesy of John Pentore, Horvath & Tremblay Phone: 781-776-4000