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:
Active
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
Map
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CRP: Certified Relocation Professional CRS: Certified Residential Specialist GRI: Graduate of Realtors Institute CBR: Certified Buyers Representative BSBA: Bachelor of Science in Business Administration. Babson College 1979 MBA: Master of Business Administration. Babson College 2002 James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…
More About JamesCourtesy of Horvath & Tremblay. 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.
111 Main St
Peabody, MA
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