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!
MLS# | 73330578 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 1900 |
Days On Site | 10 |
Listing Provided By | Compass | Alexander Koziakov |
Bed(s) | 8 |
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Bath(s) | 4 Total |
SQ Feet | 2,870 |
Basement | Y |
Story(s) | 6 |
Units | 4 |
Zoning | R4 |
Acreage | 0.08 |
State | MA |
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County | Essex |
City | Peabody |
Zip Code | 01960 |
Area | Essex |
Listing VS Median (in 01960) | |
Price: $899,995 low | high Med: $184,950 SqFt: 2,870 low | high Med: 1,115 $ / SqFt: $314 low | high Med: $167 On Site: 10 low | high Med: 110.500000 |