Open House Feb 01, 2025
12:00 – 02:00
Open House Feb 02, 2025
12:00 – 02:00
Rare to the market, this 4-unit multi-family property is located in Central Peabody, close to Rt-128/I95/Rt-1. This property presents an excellent opportunity for an investor, contractor, or owner-occupant looking to renovate and achieve market rents, restoring it to a renovated condition. All four units are 2-bedroom, 1-bathroom units with very similar layouts. Part of the driveway was paved in 2024, and a new Cultec drywell system was installed. Each unit has 100-amp individual electrical panels. Three units have gas-powered forced air heating systems, while one unit has gas-powered hot water baseboard heating. Gas and electric are separately metered for each unit. There is plenty of value to add to this property! This building offers significant opportunities to build equity and generate higher income!

Property Details

Price:
$899,995
MLS #:
73330578
Status:
Active
Beds:
8
Baths:
4
Address:
78 Endicott St
Type:
Multi Family
Subtype:
4 Family
City:
Peabody
Listed Date:
Jan 29, 2025
State:
MA
Finished Sq Ft:
2,870
Total Sq Ft:
2,870
ZIP:
01960
Lot Size:
3,511 sqft / 0.08 acres (approx)
Year Built:
1900
Units:
4

Schools

Interior

Appliances
Washer, Dryer, Range, Refrigerator, Microwave
Bathrooms
4 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Wood, Tile, Carpet, Laminate
Heating
Forced Air, Natural Gas, Baseboard

Exterior

Community Features
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, University
Parking Features
Paved Drive, Off Street, Assigned, Driveway, Paved
Parking Spots
6
Roof
Shingle

Financial

Net Operating Income
$17,400
Tax Year
2025
Taxes
$6,828

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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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78 Endicott St
Peabody, MA