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16 Sewall Street, Peabody MA 01960

$899,900

Estimated $2,036/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $449,950

Total Rent: 25200/year

Estimated CAP Rate:

6 Bedrooms

Baths

2860

Total Parking: 8

5,798 (0.13)

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.

This home has been viewed 42 times

Last Checked: May 7th, 2024 at 8:51am (Source: MLS PIN #73102216)

Gross Income: $25,200

Gross Expenses: $11,422

Net Income Calc: $13,778

Water Views

Annual Expenses for 16 Sewall Street, Peabody MA 01960

Total Gross Expenses (Calculated)$11,422/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6922

Annual Income & Unit Breakdown for 16 Sewall Street, Peabody MA 01960

Total Gross Income (Calculated)$25,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent IncludesHeat

General Information for 16 Sewall Street, Peabody MA 01960

Listing ID73102216

Property TypeMulti Family / 2 Family

Price899900 ($314.65/SqFt)

Style2 Family - 2 Units Side By Side

CityPeabody

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2860

Approximate Lot Size (Acres)0.13

Total Parking8

Garage Parking0

Year Built2011

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area1144

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 16 Sewall Street, Peabody MA 01960

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Exclusions.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 16 Sewall Street, Peabody MA 01960

Real Estate Taxes6922

Tax Year2023

Assessed Value$727,100

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 16 Sewall Street, Peabody MA 01960

Elementary SchoolWelch

Middle SchoolHiggins

High SchoolPvmh

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 16 Sewall Street, Peabody MA 01960

Agent

Name: Maria Salzillo

Office

Name: J. Barrett & Company

Phone: 978-922-3683

Payment Calculator

, Interest

Property Taxes 576.83

Principal & Interest 5544.9

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

J. Barrett & Company

Maria Salzillo

Agent Phone

Office Phone

(978) 922-3683

Text Agent Call Agent Call Office

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EXIT

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