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Multifamily

7 Holten St

7 Holten St, Peabody, MA 01960

Listing Price: $750,000

Cap Rate
6.00%
Number of Units
3
Occupancy
100.0%
Price/Unit
$250,000
Price/Gross SF
$162.90
Gross SF
4,604

Investment Overview

7 Holten Street is an excellent opportunity to own a fully leased three-family property in thriving downtown Peabody, Massachusetts. Walk a block to public transportation and the Main Street shopping, restaurant, and entertainment district. Easy access to local and regional highways. minute drive to downtown Boston, five minute drive to historic Salem, 10 minutes to the beaches of the Northshore and excellent public and private colleges. 7 Holten Street comes with a 4-bay detached garage for parking and tenant storage. There are a total of 8 parking spaces (4 garaged and 4 additional on the lot). In addition the property has three washer/dryer hookups for potential additional revenue. While the property currently produces and strong 6.5% return with long-term tenants in place, adding value will come from simply raising rents to market rates.

Investment Highlights

  • Fully leased three-family property in the heart of thriving downtown Peabody. Current rents are under market, providing an immediate opportunity to add value.
  • One block to public transportation and the Main Street shopping, restaurant, and entertainment district. Easy access to local or regional highways, as well as Boston, the coastline, and colleges
  • Four-bay detached garage for parking and tenant storage. A total of eight parking spaces (four garaged and four additional on the lot).
  • Three three washer or dryer hookups for potential additional revenue.

Exclusively Listed By

Financing By

Multifamily

7 Holten St

Listing Price: $750,000

Cap Rate
6.00%
Number of Units
3
Occupancy
100.0%
Price/Unit
$250,000
Price/Gross SF
$162.90
Gross SF
4,604

Investment Highlights

  • Fully leased three-family property in the heart of thriving downtown Peabody. Current rents are under market, providing an immediate opportunity to add value.
  • One block to public transportation and the Main Street shopping, restaurant, and entertainment district. Easy access to local or regional highways, as well as Boston, the coastline, and colleges
  • Four-bay detached garage for parking and tenant storage. A total of eight parking spaces (four garaged and four additional on the lot).
  • Three three washer or dryer hookups for potential additional revenue.

Investment Overview

7 Holten Street is an excellent opportunity to own a fully leased three-family property in thriving downtown Peabody, Massachusetts. Walk a block to public transportation and the Main Street shopping, restaurant, and entertainment district. Easy access to local and regional highways. minute drive to downtown Boston, five minute drive to historic Salem, 10 minutes to the beaches of the Northshore and excellent public and private colleges. 7 Holten Street comes with a 4-bay detached garage for parking and tenant storage. There are a total of 8 parking spaces (4 garaged and 4 additional on the lot). In addition the property has three washer/dryer hookups for potential additional revenue. While the property currently produces and strong 6.5% return with long-term tenants in place, adding value will come from simply raising rents to market rates.

Exclusively Listed By

Financing By

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