Exceptional mixed-use opportunity in Peabody's downtown district! 46–48 Walnut St features two commercial units on the first floor, one currently used as a residential apartment (to be delivered vacant) and a bakery currently leased. At the buyer’s request, the seller may be able to terminate the bakery lease, giving the option to assume the space or re-lease it. The second and third floors include 4 - 1 BR residential units with strong rental demand and short-term leases for flexibility. Prime location with excellent visibility near shopping, dining, and major routes.
Fully occupied 3- family multi-unit. property. 6 total bedrooms, 2-bedroom, 1 bathroom, per floor. All separated utilities Off street parking available, with nice outdoor patio and grass area in back yard. Each unit has separated. gas heat and electric and hot water. (3 separated systems in total) Perfect for owner occupied or as an investment property. Walking distance to elementary school and close to all area amenities. Just in time for the spring market to take advantage of falling interest rates. Current rental income is $5700 per month
Peabody is located in Massachusetts. Peabody, Massachusetts has a population of 54,200. Peabody is less family-centric than the surrounding county with 27.53% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Peabody, Massachusetts is $83,570. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Peabody is 46.5 years.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 47.8 inches per year, with 41.8 inches of snow per year.
