Last Updated: 2/23/2017 3:35 AM
Description for 17 Tracey St Peabody, MA 01960
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
Concrete Block, Stone
Gas Water Heater
Circuit Breaker Box, Individual Electric Meters
Range, Refrigerator, Exhaust Fan/Hood
Hardwood, Carpet Wall to Wall, Vinyl
Gas Heat, Baseboard
Exterior / Lot Features
6 Parking Spaces, Off Street, Deeded Parking, Gravel, Paved Driveway
Gutters, Satellite dish, Garden, Sidewalks, Public Transport, Close To Shops, Public Roads, Paved Road, Level
Current market conditions for 17 Tracey St
Active Market Trends
Median list price$354,900
Days on market82
Properties for sale50
Sold Market Trends
Median sold price$378,750
Sales to list price9,969.0%
Median sq ft price$229
Arrows indicate 90 day trend
Listing Price History for 17 Tracey St
Peabody Real Estate
Peabody is located in Massachusetts. Peabody, Massachusetts 01960 has a population of 51,215.
The median household income in Peabody, Massachusetts 01960 is $67,052. The median household income for the surrounding county is $66,918 compared to the national median of $53,046. The median age of people living in Peabody 01960 is 44 years.
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