Sold!
$430,000
6
Beds
2
Baths
1,485
Living Area
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Property Description
ATTENTION CONTRACTORS, DEVELOPERS, AND INVESTORS. Located in desirable Peabody, just off Washington Street on a quiet road near Welch Elementary School, this two-family duplex presents a rare value-add opportunity. The detached garage offers potential for conversion to an ADU, subject to buyer verification and approvals. The property requires extensive rehabilitation and is being sold AS IS. It will be delivered vacant and free of debris at closing. Due to its condition, the home will not qualify for conventional financing; cash, rehab loan, or other non-conventional financing only. Accompanied showings only, NO EXCEPTIONS. The home is not structurally sound and extreme caution should be used when entering. The third floor/attic is not accessible and is not included in the reported living area but offers approx 500 addt'l sqft. Buyer and buyer's agent to perform all due diligence regarding condition, square footage, zoning, and potential uses. All offers due Monday 6/22 @ 5pm
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Highlights
- Levels: 2
- Property Class: Residential Income
- Stories: 2
- Year Built: 1920
- Parking Spots: 2
- Property Type: 2 Family - 2 Units Up/Down
- Total Rooms: 10
- Status: Closed
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Additional Details
- Construction: Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
- Flooring: Wood, Carpet, Laminate
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R2
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Amenities
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $331,700
- Taxes: $3,072
- Tax Year: 2025
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Listing information provided courtesy of Engel & Volkers By the Sea.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
