CCertihomes
70 Margin St, Peabody, MA 01960

$1,199,900

10 beds 6 baths 4,204 sqft Built 193017 days on marketActive

About this home

Welcome to an exceptional investment opportunity in the heart of Peabody. This 4 family is fully rented and ready to start making you money!!! The first floor offer two units, one front and one back. Front unit is 1 bed 1 bath, back unit is 2 beds 1 full bath. Second and Third floors offers a more spacious units with large bedrooms and hardwood floors. Off Street Parking for up to 9 cars and 2 cars garage, currently used for storage, Coin Operated washer and dryer and storage in the basement. A large backyard for Peabody, adding even more value to the rental income.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$7,910/mo

Real estate (PITI + HOA + PMI)
$7,856
Principal + interest$5,442
Property tax + insurance$1,964
PMI / 2nd mortgage$450
Utilities
$554
Heating + cooling$115
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$123
Car insurance + maintenance$123
Other (entertainment)
$158
$7,910/mo TLC
Budget$8,410/mo
Remaining after TLC$500/mo
Purchase price
$1,199,900
Down payment
$59,995 (5%)
Loan amount
$1,139,905
APR
4%

Quick facts

Type
4 Family
Style
Year built
1930
Lot size
0.29 ac
Stories
7
Heating
Cooling
Water
Public
HOA
Annual tax
$8,631
MLS #
73230707
County
Essex

At a glance

Basement
Garage (2)

Home features

Community
Medical FacilityLaundromatHighway AccessPrivate SchoolPublic School
Flooring
Wood, Tile, Carpet
Roof
Shingle
Sewer
Public Sewer

Lot features

Corner Lot, Level

Neighborhood — 01960

MetricThis ZIPCountyUSA
Population48,9266,444,931299,088,112
Population Change Since19904.00%7.00%20.00%
Population Density2,902786
Male23,6833,127,134147,432,321
Female25,2433,317,797151,655,844
Never Married10,0561,612,88563,775,926
Married22,3862,586,314123,120,365
Separated1,255247,85712,639,686
Widowed3,273363,59415,467,586
Divorced3,366436,88823,075,029
Number Of House Hold18,9592,431,591111,826,380
Average House Hold Size2.552.562.60
Medial Age40.6237.2535.46
Median House Hold Income$61,346$57,698$48,276
Average House Hold Income$68,169$75,023$63,629
P C I$27,357$29,196$24,529
M D I$50,765$48,105$41,133
A T H E$53,942$57,083$50,898
S T R5.00%5.00%
W C J79.00%81.38%77.74%
(Zip) Code
1960

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 4/30/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.