111 Main Street
$4,300,000
27
21
10,152
10,152
$424
Description
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...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 • Horvath & Tremblay
- Listed by Stephen Girolamo • Horvath & Tremblay
Property Details for 111 Main Street
Town
Peabody
AreaMA-Peabody
Garage Spaces0
Parking Spaces12.00
Parking Spaces Total12
LISTING UPDATED: 12/07/2024 03:10 AM
Property Details for 111 Main Street
Status | Active |
---|---|
MLS # | 73316838 |
Days on Market | 8 |
Taxes | $26,983 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5+ Family - 5+ Units Side by Side |
Year Built | 2000 |
County | Essex County |
Building Information for 111 Main Street
Stories3Residences21Year Built2000Building Size-Lot Size0.30 AC / 13,068 SF
Property Information for 111 Main Street
Property History for 111 Main Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 111 Main Street
Taxable ValueLand$790,000Additions$2,027,400Total$2,817,400
Tax Record2024$25,695 ($2,141 / month)
Home Facts
Lot Size13,094 SqFtStyleMulti-Family Res (5+ Units)ZoningBCCountyESSEXAPNPEAB M:0085 B:0087Fireplace TypeHas Fireplace
Schools near 111 Main Street
This home is within Peabody School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 3 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
William A Welch Elementary School PublicPK to 3 | ||
J Henry Higgins Middle School Public6 to 8 | ||
Peabody Veterans Memorial High School Public9 to 12 | ||
Thomas Carroll PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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