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Closed

37 Warren Street, Peabody MA 01960

$624,900

Estimated $1,452.69/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $312,450

Total Rent: 36000/year

Estimated CAP Rate: 4.92%

6 Bedrooms

2 Full Baths

2,384 SqFt

Total Parking: 6

4,360 SqFt

A well maintained 2 Family tenant free, offering each unit individual systems/utilities (only 4 years), electric panels, washer/dryer hook-up & entrance w/ egress. Off-street parking for 3 vehicles (opportunity to create add'l spaces) storage shed & storage in dry basement for each unit. Both units offer a large eat-in kitchen, 2 bedrooms, sunroom & full bathroom on main level w/ built-ins and many original details. Unit 2 has walk-up access to 4 rooms on third level. Perfect owner occupied w/ rental income to support mortgage. Great investor rental property or developer condo conversion w/ additional development potential (as agent for details). Showings begin during open houses. No formal budget or financials, owner acquired via estate. OFFERS Due: Tuesday, February 14th by 6pm.

This home has been viewed 41 times

Last Checked: May 7th, 2024 at 2:10am (Source: MLS PIN #73077140)

Gross Income: $36,000

Gross Expenses: $5,273

Net Income Calc: $30,727

CAP Rate: 4.92%

Annual Expenses for 37 Warren Street, Peabody MA 01960

Total Gross Expenses (Calculated)$5,273/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,273

Annual Income & Unit Breakdown for 37 Warren Street, Peabody MA 01960

Total Gross Income (Calculated)$36,000

Unit 1

Rental Income$1,500

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

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

Unit 2

Rental Income$1,500

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

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

General Information for 37 Warren Street, Peabody MA 01960

Listing ID73077140

Property TypeMulti Family / 2 Family

Price$624,900 ($262.12/SqFt)

Style2 Family - 2 Units Up/down

CityPeabody

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total2,384 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 37 Warren Street, Peabody MA 01960

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure3rd floor is currently unheated, but can be reconn

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$36,000

Total Net Income By Broker$36,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 37 Warren Street, Peabody MA 01960

Real Estate Taxes$5,273

Tax Year2023

Assessed Value$553,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$36,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$36,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.92%

Location Information for 37 Warren Street, Peabody MA 01960

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesPublic School, Shopping, Park, Laundromat, Public Transportation

Contact Information for 37 Warren Street, Peabody MA 01960

Agent

Name: Carrie Cole

Office

Name: WC Residential Realty, LLC

Phone: 617-536-0800

Team Members

Name: Tracey Berger

Phone: 978-500-0821

Payment Calculator

, Interest

Property Taxes 439.42

Principal & Interest 3850.44

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

WC Residential Realty, LLC

Carrie Cole

Agent Phone

Office Phone

(617) 536-0800

Text Agent Call Agent Call Office

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                )

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                )

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                )

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                )

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                )

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                )

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)

)

EXIT