CCertihomes
12 Highland Ave, Beverly, MA 01915

$1,200,000

6 beds 5 baths 3,475 sqft Built 19205 days on marketActive

About this home

Rare opportunity to purchase this well-maintained c.1920 4-Family gem in downtown Beverly. Turnkey investment property with strong cash flow on Side street between Cabot and Rantoul makes you forget how close you are to the vibrant downtown! Only 0.3 mile to Beverly Depot & 0.5 mile to the waterfront. All 4 units feature views of the terraced backyard and mature trees. Recent major upgrades include all new electric service/panels (2018), new gas boiler (2019), new gas water heater, all new gutters, and rebuilt chimneys (2020). With a mixture of appealing 1 and 2 bedroom units, 3-car off-street parking, and coin-op laundry, it’s perfect for the savvy investor or owner-occupier. One of the apartments has a private entrance and deck for privacy. The peaceful backyard is perfect for gardening, barbecuing, games or just sunbathing.

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
$7,931/mo

Real estate (PITI + HOA + PMI)
$7,897
Principal + interest$5,443
Property tax + insurance$2,004
PMI / 2nd mortgage$450
Utilities
$537
Heating + cooling$107
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$112
Car insurance + maintenance$112
Other (entertainment)
$157
$7,931/mo TLC
Budget$8,431/mo
Remaining after TLC$500/mo
Purchase price
$1,200,000
Down payment
$60,000 (5%)
Loan amount
$1,140,000
APR
4%

Quick facts

Type
4 Family
Style
Year built
1920
Lot size
0.11 ac
Stories
5
Heating
Steam, Natural Gas, Forced Air, Oil, Electric
Cooling
None
Water
Public
HOA
Annual tax
$9,473
MLS #
73235499
County
Essex

At a glance

Basement
Dishwasher

Home features

Appliances
RangeDishwasherDisposalRefrigerator
Interior
Bathroom With Tub & ShowerRemodeledWalk-Up AtticBathroom with Shower StallLiving RoomKitchenDining Room
Exterior
Rain GuttersStone Wall
Community
Public TransportationShoppingParkWalk/Jog TrailsGolfMedical FacilityBike PathConservation AreaHighway AccessHouse of WorshipMarinaPrivate SchoolPublic SchoolT-StationUniversity
Parking
Paved DriveOff Street
Flooring
Wood, Tile, Vinyl
Roof
Shingle
Sewer
Public Sewer

Neighborhood — 01915

MetricThis ZIPCountyUSA
Population38,2346,444,931299,088,112
Population Change Since19906.00%7.00%20.00%
Population Density2,501786
Male18,1473,127,134147,432,321
Female20,0883,317,797151,655,844
Never Married8,4021,612,88563,775,926
Married15,5392,586,314123,120,365
Separated2,448247,85712,639,686
Widowed2,803363,59415,467,586
Divorced2,535436,88823,075,029
Number Of House Hold14,6652,431,591111,826,380
Average House Hold Size2.402.562.60
Medial Age37.5837.2535.46
Median House Hold Income$62,708$57,698$48,276
Average House Hold Income$79,282$75,023$63,629
P C I$33,342$29,196$24,529
M D I$51,956$48,105$41,133
A T H E$59,802$57,083$50,898
S T R5.00%5.00%
W C J83.23%81.38%77.74%
(Zip) Code
1915

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 5/9/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.