111 Main StreetPeabody, MA 01960MLS Number 73316838

  • Price: $4,300,000
  • Est. Mortgage of $/month
  • 53 Days on Market
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$/month over payments
Federal 30-year interest rate: 6.96% last updated on Jan 23, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Under Agreement
111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960111 Main Street Peabody MA 01960
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  • 27Bedrooms
  • 0.3Acreage
  • 21Bathrooms
  • 2000Year Built
111 Main Street consists of two desirable, three-story buildings and contains a total of twenty-one residential units comprised of a three family property (front building) consisting of three 3-Bedroom/1 Bathroom units, and an 18-unit building (rear building) with eighteen Studio units. The well-maintained Property has received significant capital investment improvements since acquisition, including a new parking lot, renovated common areas, exterior updates (painting, siding, shutters), new mechanicals (both buildings), and renovations to most of the unit interiors. The front building is separately metered for electricity, heat and hot water, which the Tenants pay directly. The rear building is separately metered for electricity and the landlord is responsible for common area electric, heat and hot water. 111 Main Street offers the opportunity to acquire a well-maintained, fully leased, turnkey investment and is ideal for a potential buyer looking for income growth and strong returns
Listed by John Pentore of Horvath & Tremblay

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
Office: 781-290-7425
127 Franklin St
Reading, MA 01867

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More Info

Basic Information

  • Gross Income $406,692
  • Mls StatusUnder Agreement
  • Parcel Number 2105857
  • Rent Includes Unit 1(Water), Unit 2(Water)

Location

  • Address111 Main Street
  • Building Number111
  • CountyEssex
  • StateMA
  • StreetMain Street
  • TownPeabody
  • Zip01960

Exterior

  • RoofShingle

Property Information

  • Building Area Source Public Records
  • Living Area 10,152
  • Lot Size Square Feet 13,068
  • Lot Size Units Acres
  • Square Feet10,152

Tax Information

  • Tax Assessed Value $2,958,700
  • Tax Year 2024
  • Taxes$26,983

Rooms

  • Bathroom21
  • Bathrooms Total Decimal 21
  • Bedrooms27
  • Full Bath21

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • FoundationOther
  • Rooms51
  • Stories3
  • Units21
  • Year Built2000
  • Year Built Details Actual
  • Year Built Source Public Records

Other

  • Buyer Agency Compensation2
  • Date Listed12/03/2024
  • Farm Land Area Units Square Feet
  • View Count2

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces12

Basic Information

  • List Price$4,300,000
  • MLS Number73316838
  • Modification Date12/16/2024
  • Property SubType5+ Family - 5+ Units Side by Side
  • Purchase Contract Date12/16/2024

Property

  • Acreage0.3

Utilities

  • Electric Individually Metered
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Bike Path
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Walk/Jog Trails
  • Other AmenitiesBasement, Golf
Listed by John Pentore of Horvath & Tremblay

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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