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48 Driscoll St, Peabody MA 01960

$679,000

Estimated $1,552.50/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $339,500

Total Rent: 32400/year

Estimated CAP Rate: 3.97%

6 Bedrooms

2 Full Baths

2,676 SqFt

Total Parking: 10 (2 Garage)

9,544 SqFt

Attractive 2 family on corner lot w/ large yard & 2 car garage w/ loft. Great location. Both apartments have newer Harvey windows, updated kitchens w/ granite counters/updated tile bthrms. Units are in very good condition. Both units have private entrances and sep. utilities. 5 rm/2 bdrm/porch on 1st fl. 1st floor has private stairway to basement for laundry. 4 rm/2 bdrm/3 season porch on 2nd fl. 1 newer oil steam boiler & 1 older oil steam boiler, separate electric and gas. 3rd fl would be a great townhouse with the 2nd fl (with a private entrance). Taxed as a 3 family. Was used as a 3 family in the past. See seller affidavit to Bldg Inspector dated 2.8.23 that property is a 2 family. Being sold as a 2 family home. Seller & Agent make no representations that a 3rd unit will be allowed. Property can be seen on Sundays from 2:30-5 and Tuesday from 4-6:30 only. Tenants, appointment required. Agent must accompany showing. Email listing agent for showings. Do not call.

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 2:06am (Source: MLS PIN #73061994)

Gross Income: $32,400

Gross Expenses: $5,418

Net Income Calc: $26,982

CAP Rate: 3.97%

Annual Expenses for 48 Driscoll St, Peabody MA 01960

Total Gross Expenses (Calculated)$5,418/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,418

Annual Income & Unit Breakdown for 48 Driscoll St, Peabody MA 01960

Total Gross Income (Calculated)$32,400

Unit 1

Rental Income$1,100

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$1,600

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 48 Driscoll St, Peabody MA 01960

Listing ID73061994

Property TypeMulti Family

Price$679,000 ($253.74/SqFt)

StyleMulti Family

CityPeabody

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total2,676 SqFt

Approximate Lot Size (Acres)0.22 acres

Total Parking10 (2 Garage)

Garage Parking2 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot

Foundation Area999

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR1A

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 48 Driscoll St, Peabody MA 01960

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure3rd fl needs work. Has had sheetrock added to wall

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$32,400

Total Net Income By Broker$32,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 48 Driscoll St, Peabody MA 01960

Real Estate Taxes$5,418

Tax Year2022

Assessed Value$536,400

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$32,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$32,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.97%

Location Information for 48 Driscoll St, Peabody MA 01960

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Medical Facility, Public Transportation, T-station, Sidewalks

Contact Information for 48 Driscoll St, Peabody MA 01960

Agent

Name: Gary Blattberg

Office

Name: RE/MAX 360

Phone: 978-927-9100

Payment Calculator

, Interest

Property Taxes 451.5

Principal & Interest 4183.78

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX 360

Gary Blattberg

Agent Phone

Office Phone

(978) 927-9100

Text Agent Call Agent Call Office

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        )

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                    [modified] => 2024-05-07 02:06:29
                )

[19] => Array
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                )

[20] => Array
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                )

[21] => Array
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                )

[22] => Array
                (
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                )

[23] => Array
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                    [modified] => 2024-05-07 02:06:29
                )

[24] => Array
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                    [index] => 25
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                    [modified] => 2024-05-07 02:06:29
                )

[25] => Array
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                )

[26] => Array
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                    [index] => 27
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                    [modified] => 2024-05-07 02:06:29
                )

[27] => Array
                (
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                    [name] => MLS28.jpg
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                    [index] => 28
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                    [modified] => 2024-05-07 02:06:29
                )

[28] => Array
                (
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                    [index] => 29
                    [enabled] => 1
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                )

[29] => Array
                (
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                    [index] => 30
                    [enabled] => 1
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                    [modified] => 2024-05-07 02:06:29
                )

[30] => Array
                (
                    [id] => 6968518
                    [name] => MLS31.jpg
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                    [index] => 31
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                    [modified] => 2024-05-07 02:06:29
                )

[31] => Array
                (
                    [id] => 6968519
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                    [index] => 32
                    [enabled] => 1
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                    [modified] => 2024-05-07 02:06:29
                )

[32] => Array
                (
                    [id] => 6968520
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                )

[33] => Array
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                    [index] => 34
                    [enabled] => 1
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                    [modified] => 2024-05-07 02:06:29
                )

)

)

EXIT