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17 Tracey St, Peabody, MA 01960

$669,900

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • 0.1 Acres
17 Tracey St, Peabody, MA 01960 View this property at 17 Tracey St, Peabody, MA 01960
17 Tracey St Peabody MA 01960

Property Description

Exceptional 4 family multi, with third floor potential for expansion or additional unit and increased income. FHA financing qualitied - ideal for owner occupied. 7.24% cap rate with existing rent and well over 8% cap rate assuming market rent in a quite, desirable location, walking distance to downtown Peabody. Fully updated with quality roof, new siding, windows, individually metered heating and electric for ease of management.. This property includes four 2 Bedroom units with a potential fifth 2 bedroom or expansion to current units on the third floor! Currently 3 units are leased and 1 unit is a TAW. (see Income/ Expenses). Units have all gone through a renovation and look GREAT! All units have hardwood flooring and replacement
windows; kitchens and baths have been done over as well. Basement is extremely clean and provides areas for storage and laundry. Heating is separately gas metered; 2 of the units are F/H/W and 2 are Hot Water Baseboard. There is parking for 6! A MUST see

Full Property Details for 17 Tracey St

  • Price: $669,900
  • Taxes: $4,403 (2016)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 72097125
  • Updated: 2/9/2017
  • Added: 91 day(s) ago

Property History

  • 17 Tracey St, Peabody, MA
  • Reduced to $669,900 on 2/3/17
  • Reduced to $684,900 on 1/10/17
  • Reduced to $709,000 on 12/20/16
  • Reduced to $729,000 on 12/7/16
  • Listed at $749,000 on 11/29/16

Interior

  • Number of Rooms: 14
  • Flooring: Vinyl, Wall-to-Wall Carpet, Varies Per Unit, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Exterior

  • Exterior Features: Porch, Balcony, Gutters, Decorative Lighting, Screens, Satellite Dish, Varies per Unit, Garden Area
  • Color: Blue/ Grey

Parking

  • Parking Features: Off-Street, Deeded, Improved Driveway, Stone/Gravel, Paved Driveway

Location

  • County: Essex
  • Driving Directions: Tremont Street to Tracey Street

School Information

  • Elementary School: Carrol
  • Middle School: Higgins
  • High School: PHS

Community

  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Public School

Heating & Cooling

  • Furnaces: 4
  • Heating Zones: 4
  • Water Heater: Natural Gas, Tank

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Utility Description: Connection for Gas Range, Connection for Gas Oven

Structural Information

  • Architectural Style: 4 Family - 4 Units Up/Down
  • Construction: Frame, Block
  • Exterior Const.: Vinyl
  • Basement: Yes
  • Basement Desc.: Full, Interior Access, Concrete Floor
  • Roof: Asphalt/Fiberglass Shingles
  • Stories Description: 2
  • Square Feet: 2,832
  • Sq. Ft. Source: Public Record
  • Year Built: 1900

Unit Information

  • Units in Building: 4

Unit 1

  • Unit Description: Kitchen
  • Bedrooms: 2

Unit 2

  • Unit Description: Living Room, Kitchen
  • Bedrooms: 2

Unit 3

  • Unit Description: Kitchen
  • Bedrooms: 2

Unit 4

  • Unit Description: Living Room, Kitchen
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,404
  • Frontage: Public, Paved, Publicly Maintained, Sidewalk
  • Street/Road Desc.: Public, Paved, Publicly Maintained, Sidewalk
  • Zoning: R2
  • Lot Description: Paved Drive, Shared Drive, Level

Financial Considerations

  • Price Per Sq. Ft.: $236.55
  • Tax Amount: $4,403.65
  • Tax Year: 2016

Disclosures and Reports

  • APN: M:0086 B:0071
  • Block/Lot/Section: 71

See This Home

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— 17 Tracey St —

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17 Tracey St will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

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In the Community

Nearby Schools

17 Tracey St, Peabody, MA 01960 (MLS# 72097125) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 17 Tracey St is currently listed for $669,900 and was received on November 29, 2016. This property is listed by Dana Newell from our Topsfield Office. Want to learn more about 17 Tracey St? Do you have questions about finding other Multi-Family real estate for sale in Peabody? You can browse all Peabody real estate or contact a Coldwell Banker agent to request more information.

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