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Home Massachusetts Peabody Multi-Family Homes for Sale

11 Park St Peabody, MA 01960
11 Park St, Peabody, MA
SOLD 10/15/2424
0
This Property is No Longer Available
11 Park St, Peabody, MA 01960
View Map
$1,100,000
*Sale Price
5 Unit
5 Beds
5 Baths
2516 SQFT
0.10 Acre

Property Description

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.
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Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 2
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Total Fireplaces: 2
  • Amenities: Highway Access, Public School, Public Transportation, Shopping
  • Basement Features: Partial, Walk Out

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 77700
  • Gross Expenses: 28839
  • Net Operating Income: 48861

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73244976
  • Last Updated: 10/15/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/15/2024Sold$1,100,000$437MLSPIN
09/10/2024Under Agreement$1,250,000$497MLSPIN
09/03/2024Contingent$1,250,000$497MLSPIN
06/03/2024Active$1,250,000$497MLSPIN
05/30/2024New$1,250,000$497MLSPIN

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Seller's Representative: Vivien Marcus, Keller Williams Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-10-15 20:20:00

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