$1,100,000
5
Beds
5
Baths
2,516
Living Area
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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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Highlights
- Parking Spots: 5
- Property Type: 5-9 Family
- Year Built: 1900
- Property Class: Residential Income
- Total Rooms: 15
- Status: Closed
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Additional Details
- Basement: Partial, Walk-Out Access
- Fireplaces: 2
- Foundation: Concrete Perimeter
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Source: Public Records
- Construction: Frame
- Flooring: Varies
- Lot Features: Corner Lot
- Roof: Shingle
- Year Built Details: Approximate
- Zoning: Bc
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Amenities
- Community Features: Public Transportation, Shopping, Highway Access, Public School
- Parking Features: Off Street, Paved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $666,800
- Taxes: $6,081
- Tax Year: 2024
- Total Rent: $5,050
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of eXp Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.