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Prime 5-Unit Investment in Downtown Peabody, MA

$1,250,000

11 Park Street, Peabody, MA 01960

Active
Last Updated: 07/23/2024

2,516 sqft

Building Size

0.1 acres

Lot Area

Details:
Building Size:    2,516 sqft
Lot Area:    0.1 acres
Units:    5
Occupancy:    100%
Year Built:    1900
Zoning:    BC
Floors:    2
Heating:    Natural Gas
Description:

Presenting an exceptional investment opportunity in the heart of downtown Peabody: a fully occupied building featuring five one-bedroom apartments, each equipped with its own dedicated parking space. This prime location offers unparalleled convenience, with tenants benefiting from close proximity to bus lines, major commuter routes, and the train station, ensuring easy and efficient travel options. The rental package includes heat and hot water, streamlining the billing process and significantly boosting tenant satisfaction.

This well-maintained property is poised to provide a steady income stream and long term appreciation potential for discerning investors. Seller Financing to be considered for qualified buyers.


Close proximity to bus lines, major commuter routes, and the train station.


Fully updated units

0 Vacancy Rate

5 1-bedroom units

1 parking space per unit

Map:
Location
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