Prime 5-Unit Investment in Downtown Peabody, MA
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30873008 |
| Property Subtypes: |
Mid-Rise
|
| Status: |
Pending |
| Number of Units: |
5 Units |
| Building Size (RSF): |
2,516 SF |
| Gross Land Area: |
0.10 Acres
|
| Sale Price: |
$1,250,000 |
| Unit Price: |
$250,000 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/5/2024 |
Overview / Comments
Presenting an exceptional investment opportunity in the heart of downtown Peabody: a fully occupied building featuring five one-bedroom apartments, each equipped with its own dedicated parking space. This prime location offers unparalleled convenience, with tenants benefiting from close proximity to bus lines, major commuter routes, and the train station, ensuring easy and efficient travel options. The rental package includes heat and hot water, streamlining the billing process and significantly boosting tenant satisfaction.
This well-maintained property is poised to provide a steady income stream and long term appreciation potential for discerning investors. Seller Financing to be considered for qualified buyers.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$2,024 (Annual) |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Essex |
| Tax ID/APN: |
085-138 |
| Zoning: |
BC |
| Percent Occupied: |
100% |
| Property Condition: |
Average |
| Number of Stories: |
2 |
| Year Built: |
1900 |
| Year Renovated: |
2005 |
| Parking Ratio: |
5 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
1 parking per each unit |
| Total Parking Spaces: |
5 |
| Heat Type: |
Electricity, Natural Gas |
| Fuel: |
Gas |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
26,989 |
134,636 |
298,879 |
| Median Age: |
39.64 |
41.47 |
40.54 |
| Households: |
11,417 |
57,210 |
119,213 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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