Open House Jan 25, 2025
11:00 – 12:30
Open House Jan 26, 2025
11:00 – 12:30
Tremendous Opportunity for Investors or Owner Occupants! This 2-family property offers incredible potential for cash flow with its modern updates that make it an irresistible value. The 1st floor unit features 2 bedrooms and 2 full bathrooms, boasting a spacious living area with ample natural light and an updated kitchen with newer appliances. Additionally, there is a large family room and an office located on the lower level . The 2nd floor unit comprises of 2 bedrooms and 1 bathroom, with a kitchen that also has newer appliances and a walk-up attic for extra storage. Both units have numerous updated features, including new bathroom vanities, light fixtures, windows, and newer hot water tanks to name a few.. The property also includes added storage in the basement, a shared washer/dryer, and an outdoor shed. Close to shopping and major highways. This is a must-see property that won’t last long! Open houses Sat. 1/25 & Sun.1/26 from 11:00 to 12:30. No showing until open houses.

Property Details

Price:
$885,900
MLS #:
73327811
Status:
Active
Beds:
4
Baths:
3
Address:
61 Tracey Street
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Peabody
Listed Date:
Jan 21, 2025
State:
MA
Finished Sq Ft:
3,184
Total Sq Ft:
3,184
ZIP:
01960
Lot Size:
4,556 sqft / 0.10 acres (approx)
Year Built:
1991
Units:
2

Schools

Middle School:
Higgins
High School:
Peabody Vets.

Interior

Appliances
Washer, Dryer, Range, Dishwasher, Refrigerator, Range Hood
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Wood, Tile, Carpet
Heating
Natural Gas, Electric, Forced Air
Laundry Features
Washer & Dryer Hookup

Exterior

Community Features
Shopping, Park, Walk/ Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School
Construction Materials
Frame
Exterior Features
Rain Gutters
Other Structures
Shed(s)
Parking Features
Paved Drive, Shared Driveway, Off Street, Paved
Parking Spots
4
Roof
Shingle

Financial

Net Operating Income
$69,744
Tax Year
2025
Taxes
$6,943

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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.,…

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61 Tracey Street
Peabody, MA