12 Highland Avenue

Beverly, MA 01915

$1,200,000
Price
6
Beds
5
Baths
3,475 Sq. Ft.
$345 / Sq. Ft.
3,475
Sq. Ft.
$345
per Sq. Ft.

Description

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,...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.
  1. Listed by Gary Blattberg • RE/MAX Beacon

Property Details for 12 Highland Avenue

Town
Beverly
Area
MA-Beverly
Garage Spaces
0
Parking Spaces
3.00
Parking Spaces Total
3

Location

Listing Courtesy of RE/MAX Beacon, Gary Blattberg
Add your commute
LISTING UPDATED: 05/14/2024 03:07 PM

Property Details for 12 Highland Avenue

StatusActive
MLS #73235499
Days on Market15
Taxes$9,473 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1920
CountyEssex County

Location

Listing Courtesy of RE/MAX Beacon, Gary Blattberg
Add your commute

Building Information for 12 Highland Avenue

Stories5Residences4Year Built1920Building Size-Lot Size0.11 AC / 4,805 SF

Payment Calculator

$7,338 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$789

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12 Highland Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Living Area: 3475.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Disposal, Refrigerator
  • Basement Features: Full, Concrete Floor
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Vinyl
  • Interior Features: Bathroom With Tub & Shower, Remodeled, Walk-Up Attic, Bathroom with Shower Stall, Living Room, Kitchen, Dining Room
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters, Stone Wall
  • Exterior Features: Stone Wall, Deck
  • Patio And Porch Features: Deck
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Beach Access, Ocean, Walk to, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating: Steam, Natural Gas, Forced Air, Oil, Electric
  • Heating: Yes
  • Sewage District: SESD
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Disclosures: Gross income includes $1080 from coin-op laundry.
Tax Information
  • Listing Terms: Other (See Remarks)
  • Tax ID: M:0005 B:0112 L:,4180388
  • Assessments: $843,500
  • Book: 36574
  • Tax Year: 2024
  • Zoning: RHD
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
  • Foundation Area: 1152.0
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $102,360.00
  • Gross Scheduled Income: $3,615.00
  • Insurance: $3,150.00
  • GRE: $17,953
  • RFS: $400
  • NOI: $84,407.00
  • Operating Expense: $17,953.00
  • WSE: $1,043.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,440.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1
  • Other Agent Compensation: 1

Property History for 12 Highland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12 Highland Avenue

Taxable ValueLand$292,000Additions$551,500Total$843,500
Tax Record2024$9,473 ($789 / month)
Home Facts
Baths5Total Finished SqFt3,475 SqFtAbove Grade Finished SqFt3,475 SqFtUnfinished Basement SqFt300 SqFtStories2Lot Size4,805 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRHDCountyESSEXAPNBEVE M:0005 B:0112 L:

Schools near 12 Highland Avenue

This home is within Beverly School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Ayers/Ryal Side School
PublicK to 4

Briscoe Middle School
Public5 to 8

Beverly High School
Public9 to 12

Cove Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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12 Highland Avenue is a multi-family home for sale in Beverly, MA 01915. This property was listed for sale on May 9, 2024 by RE/MAX Beacon, it's currently listed at $1,200,000. It has been on the market for a total of 15 days and was last sold on March 7, 2018. This listing's school district is Beverly School District. Nearby schools include Ayers/Ryal Side School, Briscoe Middle School and Beverly High School. 12 Highland Avenue is a 6-bed, 5-bath, 3,475 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX Beacon, Gary Blattberg

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.