111 Main Street

Peabody, MA 01960

$4,300,000
Price
27
Beds
21
Baths
10,152 Sq. Ft.
$424 / Sq. Ft.
10,152
Sq. Ft.
$424
per Sq. Ft.

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
  1. Listed by John Pentore • Horvath & Tremblay
  2. Listed by Stephen Girolamo • Horvath & Tremblay

Property Details for 111 Main Street

Town
Peabody
Area
MA-Peabody
Garage Spaces
0
Parking Spaces
12.00
Parking Spaces Total
12
LISTING UPDATED: 12/07/2024 03:10 AM

Property Details for 111 Main Street

StatusActive
MLS #73316838
Days on Market8
Taxes$26,983 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Side by Side
Year Built2000
CountyEssex County

Building Information for 111 Main Street

Stories3Residences21Year Built2000Building Size-Lot Size0.30 AC / 13,068 SF

Property Information for 111 Main Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
  • Living Area: 10152.0
  • SqFt with Basement: No
  • Total Units: 21
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Unfinished Basement
  • Num of Baths: 21.0
  • Num of Full Baths: 21
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 21.00
  • Bathrooms Total Integer: 21
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Individually Metered
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Total Monthly Rent is $33,891. The maximum total monthly rent allowed by MLS is $32,767
Tax Information
  • Tax ID: 2105857
  • Assessments: $2,958,700
  • Book: 34391
  • Tax Year: 2024
  • Zoning: BC
Building / Association Information
Living Characteristics
  • Beds Total: 27
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • GOI: $406,692.00
  • GRE: $113,712
  • NOI: $292,980.00
  • Operating Expense: $113,712.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $32,767.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2

Property History for 111 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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111 Main Street is a multi-family home for sale in Peabody, MA 01960. This property was listed for sale on December 3, 2024 by Horvath & Tremblay, it's currently listed at $4,300,000. It has been on the market for a total of 8 days and was last sold on September 22, 2015. This listing's school district is Peabody School District. Nearby schools include William A Welch Elementary School, J Henry Higgins Middle School and Peabody Veterans Memorial High School. 111 Main Street is a 27-bed, 21-bath, 10,152 sqft multi-family home built in 2000.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay, John Pentore; Horvath & Tremblay, Stephen Girolamo

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.