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16 Sewall St, Peabody, MA 01960

$910,000
Last sold 06/05/2023 for $850K
6
bed
4
bath
2,860
Sqft ($297/Sqft)

Multi-family not for sale

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About 16 Sewall St

Property type Multi-family

Neighborhood

Year built 2011

HOA fee $0/month

Lot size 5,798 Sqft

Movoto estimate

Property description

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.

Listed by

Listing Agent - Maria Salzillo

Listing Office - J. Barrett & Company

Source: MLS Property Information Network, Inc.

MLS#73102216 • last updated 2 years ago

Movoto checked MLS Property Information Network, Inc. for data 2 minutes ago

Overview
Cooling/AC	Unit 1(None), Unit 2(None)
Heating	Unit 1(Electric), Unit 2(Electric)
Levels/Style	4
MLS #	73102216
Type	Residential Income
Status	Closed
SubType	2 Family - 2 Units Side By Side
SqFt	2860
Lot Size (SqFt)	5798
Lot Size (Acres)	0.13
Annual Property Tax	6922
Year Built	2011

Interior
Total # of Bathrooms	4
# Full Baths	2
# Half Baths	2
Total # of Bedrooms	6
Total # of Rooms	10
Laundry	Washer Hookup
Flooring	Carpet, Unit 1(undefined), Unit 2(Tile Floor, Wall To Wall Carpet)
Appliances	Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Electric Water Heater, Utility Connections For Electric Range, Utility Connections For Electric Dryer
Interior Features	Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower, Open Floor Plan), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Door Features	Insulated Doors
Window Features	Insulated Windows

Exterior
Foundation	Concrete Perimeter
Roof	Shingle
Construction	Frame
Parking Desc	Paved Drive, Off Street, Paved
# Parking Spaces	8
Lot Desc	Corner Lot, Level

Amenities / Utilities
Sewer	Public Sewer
Utilities	For Electric Range, for Electric Dryer, Washer Hookup
Water Source	Public

Location
County	Essex
Community Features	Shopping, Medical Facility, Laundromat, Bike Path, Highway Access, House Of Worship, Private School, Public School
Elementary School	Welch
Middle School	Higgins
High School	Pvmh
Zoning	R2
APN	2106867
Directions	Main Street To Holten Street To Sewall Street

Multifamily Details
Rent Includes	Unit 1(Water), Unit 2(Water)
Net Operating Income	60500
Operating Expense	3500
Total Actual Rent	4400
Financial Data Source	Owner
Expense: Water/ Sewer	1000
Gross Income	72000