$620,000
$599,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
2 South St Peabody, MA 01960
4 Beds
2 Baths
1,656 SqFt
Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,656 sqft
Price per Sqft $374
MLS Listing ID 72875013
Sold Date 11/30/21
Bedrooms 4
Full Baths 2
Year Built 1890
Annual Tax Amount $4,621
Tax Year 2021
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Multi Family
Property Description
Let's be honest: a lot of multi-family homes kinda suck. The landlord has been living off the rent and doing bare minimum maintenance for years OR the rents are so far below any sense of market rate that you're wondering who in the world is putting down the 75% cash to make a positive return on the monthly cash flow. I get it. The good news: 2 South Street doesn't suck. It's pretty good, actually. Total monthly rent is $3,400 with room for increase. There is BRAND SPANKIN' NEW 200 amp electrical service that has been brought into the home. It's so new there could be a new car smell in the basement thanks to the work done, who knows? There is plenty of parking and 2 generous side yards so everyone can enjoy outdoor space. Inside the property is in solid shape. Updated & modern kitchens/baths, hardwood floors, heating systems that are not ancient, separate laundry for each unit, and bonus space on the third floor = everyone's favorite: potential! All showings at designated open houses.
Location
State MA
County Essex
Zoning R1
Direction Marlboro Rd to South St
Rooms
Basement Full, Interior Entry
Interior
Interior Features Unit 1(Ceiling Fans, Pantry, Storage, Stone/Granite/Solid Counters), Unit 2(Ceiling Fans, Pantry, Storage, Stone/Granite/Solid Counters), Unit 1 Rooms(Living Room, Kitchen, Sunroom), Unit 2 Rooms(Living Room, Kitchen, Sunroom)
Heating Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Gas)
Cooling Unit 1(Window AC), Unit 2(Window AC)
Flooring Wood, Laminate, Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
Appliance Unit 1(Range, Wall Oven, Dishwasher, Refrigerator, Freezer, Washer, Dryer), Unit 2(Range, Wall Oven, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer), Gas Water Heater
Exterior
Exterior Feature Rain Gutters, Storage, Garden
Fence Fenced
Roof Type Shingle
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot, Level
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
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Bought with Nancy Yorgy • Keller Williams Realty Evolution