MA > Peabody
Peabody, MA 01960,111 Main St
Peabody, MA 01960,111 Main St
Peabody, MA 01960,111 Main St
Peabody, MA 01960,111 Main St
Peabody, MA 01960,111 Main St
Peabody, MA 01960,111 Main St
Mike And Lee Mita
Mike And Lee Mita

Broker-Associate | Lic# REB.0016449

+1(401) 632-7638

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$ 4,000,000

$ 4,300,000 7.0%

Est. payment | /mo

27 Beds

21 Baths

10,152 SqFt

$ 4,000,000

$ 4,300,000 7.0%

Est. payment | /mo

27 Beds

21 Baths

10,152 SqFt

Key Details

Sold Price $4,000,000

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Side by Side

Listing Status Sold

Purchase Type For Sale

Square Footage 10,152 sqft

Price per Sqft $394

MLS Listing ID 73316838

Sold Date 05/29/25

Bedrooms 27

Full Baths 21

Year Built 2000

Annual Tax Amount $26,983

Tax Year 2024

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type 5+ Family - 5+ Units Side by Side

Property 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 (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

Location

State MA

County Essex

Zoning BC

Direction Please Use GPS

Rooms

Basement Unfinished

Exterior

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station

Roof Type Shingle

Total Parking Spaces 12

Garage No

Building

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Horvath & Tremblay
Bought with Stephen Girolamo • Horvath & Tremblay

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agent
Mike And Lee Mita

Broker-Associate | Lic# REB.0016449

+1(401) 632-7638

28 Caswell St. Suite 100 Narragansett, RI 02882

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111 Main St