Sold

2 South St, Peabody, MA

Peabody · MA 01960

$620,000
Price
4
Beds
2
Baths
1656
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1890
Units: 2 Units
Lot size: 3,999 Sq.Ft Lot
Price per square foot: $362 / Sq.Ft
Parking: 4 Off Street Spaces

About this home

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.

Neighborhood & Transit

2 South St, Peabody · MA 01960

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
1651 days
Listing Price:
$599,000
Price per Sq.Ft:
$362
Tax Assessment:
$440,500 in 2021
Taxes:
$385 / Monthly

Home Facts

Interior Features

Bedrooms
4
Full Bathrooms
2
Half Bathrooms
0
Living Area
1,656 Sq.Ft
Broker Disclosure about Living Area
Does NOT include space on the third floor.
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
200 Amps

Exterior Features

Lot Size
3,999 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
4 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Patrick Brusil
Listing office
Keller Williams Realty Boston-Metro | Back Bay
MLS PIN #
72875013
Disclosure
Does NOT include space on the third floor.