13 Flume Rd Gloucester, MA

$1,999,999
Beds 7
Baths 7.5
Square Feet 7,582
Acres 0.20
Photo of 13 Flume Rd Gloucester MA 01930




Description

Attention business owners and investors! Fantastic opportunity to own this Mixed Use property in sight of the ocean and in the heart of Magnolia Village. Four residential apartments. The first-floor unit has an updated kitchen and hardwood floors and offers 3 bedrooms and 2.5 baths also two one-bedroom apartments..one apartment rented and the other apartment being renovated and a penthouse 2 bedroom unit completely renovated. Relaxing " common area ocean-view roof deck. Four retail units are located on Lexington Ave. 3 Store fronts rented and 1 vacancy. All store fronts pay their own utilities. Residential renters have heat and hot water included. Septic System is massive and supports up to 14 bedrooms. Take advantage of this up-and-coming area with its shops and restaurants. This property has so much potential Think... Condo conversion? Airbnb? Live and have your business with no commute. Steps to the ocean and Kettle Cove beach, restaurants, shops, and Magnolia Library.


Listed by Century 21 North East, Richard Palladino

Details

MLS 73242929
Status Active
Price $1,999,999
DOM 236 days
Type Multi-Family
Beds 7
Total Baths 5 full, 5 half baths
Square Feet 7,582 sqft
Lot Size 0.20 acres
Year Built 1920

Lot & Building Features

Construction Frame
Heating Forced Air, Oil
Sewer Private Sewer
Tax Year 2024
Taxes Paid $10,100
Water Public
Foundation Stone
Exterior Features Rain Gutters
Interior Features Dining Room, Upgraded Cabinets, Living Room, Kitchen
Roof Asphalt/Composition Shingles, Rubber
Full Baths 5
Half Baths 5
Parking Off Street, Tandem
Total Rooms 17
Basement Feature Interior Entry, Walk-Out Access
Garage Spaces 0
Waterfront 1/10 to 3/10 To Beach, Ocean, Beach Ownership(Private), Beach Front
Waterview Ocean

Schools

Senior High School Gloucester

Multi-Family Home for Sale: 13 Flume Rd, Gloucester, MA 01930

Map

Get Directions

Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


Browse By Area