Multi-Family for Sale: 16 Sewall Street, Peabody, MA 01960 SOLD

6 beds
2 full, 2 half baths
2,860 sqft
$850,000
$850,000
16 Sewall Street, Peabody, MA 01960 SOLD
6 beds
2 full, 2 half baths
2,860 sqft
$850,000
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Selling Price: $850,000
Original List Price: $899,900
Sold at 94.5% of list price
Sold Date: 07/12/2023

Type Multi-Family
Beds 6
Total Baths 2 full, 2 half baths
Square Feet 2,860 sqft
Lot Size 0.13 acres
Year Built 2011

City Peabody
County Essex

MLS 73102216
Status Closed
DOM 79 days
GREAT INVESTMENT OPPORTUNITY/OWNER OCCUPANT-This young duplex consisting of 6 bedrooms 2 full as built in 2011. Each & 2 half baths. Each unit hosts a large living room, a generous size ceramic tiled eat in kitchen w/a side entry to the driveway, a half bath off the kitchen w/laundry hook up, 3 spacious bedrooms & a full bath w/ceramic tile flooring. Each unit has a driveway which could fit up to 4 vehicles, a rear & a side yard area. Cost effective electric baseboard heating (no heating system to maintain/replace). Peabody Electric offers the lowest electrical costs available & offers additional cost savings via 20% discount if paid within 10 days of the bill date. 200 AMP service each unit. Property to be delivered vacant. Potential rents range between $3,000-$3,500 per unit=income potential of $72k -$84k w/an attractive CAP RATE! Great location close to downtown, shopping, restaurants, public transportation, major routes & historic Salem. Freshly painted & new carpeting for buyer.

Lot & Building Features

Appliances Electric Water Heater, Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Utility Connections for Electric R, Utility Connections for Electric D
Construction Frame
Cooling Unit 1(None), Unit 2(None)
Heating Unit 1(Electric), Unit 2(Electric)
Sewer Public Sewer
Tax Year 2023
Taxes Paid $6,922
Water Public
Foundation Concrete Perimeter
Interior Features Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower, O, Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Roof Shingle
Full Baths 2
Half Baths 2
Parking Off Street, Paved Drive, Paved
Total Rooms 10
Garage Spaces 0

Community and Schools

Elementary School Welch
Junior High School Higgins
Senior High School Pvmh

Price History of 16 Sewall Street, Peabody, MA

Date Name Price Difference
04/24/2023 Listing Price $850,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 16 Sewall Street, Peabody, MA

Location Map Street View
Photo of Jim Giampa
Jim Giampa
Manager / Broker
Direct: 603-235-5887
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by J. Barrett & Company, Maria Salzillo
Sold by Coldwell Banker Realty - Andover, Valbona Lavdari
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: J. Barrett & Company

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