111 Main St

Peabody, MA 01960 Directions
$4,300,000
  • 27Bed
  • 21Baths
  • 10,152Sqft
  • 0.3Acres
  • 2000Built
  • $424Price/Sqft

Property Highlights

  • Days on Market: 13
  • MLS: 73316838
  • Listing Pending

Property Highlights

  • Days on Market: 13
  • MLS: 73316838
  • Listing Pending

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,...

Property Highlights

  • Days on Market: 13
  • MLS: 73316838
  • Listing Pending

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

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

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  • Additional Information
    • Basement Description: Unfinished
    • Days On Market: 13
    • Living Area SqFt: 10152
    • On Market Date: 2024-12-03
    • Parking: Paved, Off Street
    • Parking Spaces: 12
    • Sewer: Public Sewer
    • Tax Amount: $26,983
    • Tax Year: 2024
    • Type: Residential Income
    • Unit Count: 21
    • Year Built: 2000
    • Year Built Details: Actual
  • Amenities
    • Park
    • Golf
  • Interior/Exterior Features
    • Appliances Included: Gas Water Heater
    • Beds: 27
    • Foundation: Other
    • Full Baths: 21
    • Living SqFt Source: Public Records
    • Roof: Shingle
    • Rooms: 51

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein. Listing Courtesy of John Pentore of Horvath & Tremblay.

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