$1,250,000
8
Beds
4/2
Baths
4,617
Living Area
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Property Description
A rare opportunity to acquire a versatile 6 unit mixed use property (4 Res/2 com) just south of Peabody Sq.This property is a diamond in the rough with untapped income potential and is a blank canvas for investors. Featuring: 4 residential (4 Rm, 2 BR, 1 BA each) and approx.1515 sf of highly visible commercial storefront space with excellent foot & vehicle traffic, street parking and great exposure (commercial is being used as 2 separate retail spaces). It's strategic location is situated in a very walk-able mixed use neighborhood district, boasting a walkscore of 86 out of 100. It is steps to public transportation, a wide array of local businesses, restaurants, shopping, entertainment, bars, parks, schools and more. Only minutes to Main/Lowell/Boston/Lynnfield streets, highway access-I95/128, Rte 1. Rents are below market value.
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Highlights
- Area: South Peabody
- Levels: 5
- Property Type: 5-9 Family
- Total Rooms: 18
- Status: Active
- Heating: Baseboard
- Property Class: Residential Income
- Stories: 5
- Year Built: 1890
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Additional Details
- Construction: Frame
- Foundation: Slab
- Roof: Rubber
- Total Number of Units: 6
- Year Built Source: Public Records
- Exclusions: Personal Property And Tenant Possessions
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Bn2
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Amenities
- Community Features: Public Transportation, Shopping, Park, Highway Access
- Parking Features: On Street
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $768,100
- Tax Year: 2025
- Total Rent: $9,980
- Rental Fee Includes: Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water), Unit 4(Heat, Hot Water)
- Taxes: $10,451
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