Listing Courtesy of: MLS PIN / Century 21 North East / Richard Palladino

13 Flume Rd Gloucester, MA 01930

Active (158 Days)

$1,999,999

BED

5.5

BATH

7,582

SQFT

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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.

MLS #:
73242929

Taxes
$10,100(2024)

Lot Size
8,900 SQFT

Type
Multifamily

Year Built
1920

County
Essex County

Listed By

Richard Palladino, Century 21 North East

Source
MLS PIN
Last checked Nov 2 2024 at 7:36 AM GMT+0000

Bathroom Details

Interior Features

Kitchen
Dining Room
Living Room
Upgraded Cabinets

Lot Information

Level
Corner Lot

Property Features

Fireplace: 0
Foundation: Stone

Heating and Cooling

Oil
Forced Air

Basement Information

Interior Entry
Walk-Out Access

Flooring

Hardwood

Exterior Features

Roof: Asphalt/Composition Shingles
Roof: Rubber

Utility Information

Utilities: Water: Public
Sewer: Private Sewer

School Information

High School: Gloucester

Parking

Total: 8
Tandem
Off Street

Stories

Living Area

7,582 sqft

Location

Map View | Street View

Listing to Address

Address to Listing

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Listing Price History

Date

Event

Price

% Change

$ (+/-)

Jul 08, 2024

Price Changed

$1,999,999

-9%

-200,001

Jun 15, 2024

Price Changed

$2,200,000

-8%

-200,000

May 28, 2024

Original Price

$2,400,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by C21 North East and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: The property listing data and information, or the Images, set forth herein wereprovided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. 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, leasing or renting 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, leasing or renting. MLS Property Information Network, Inc. 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. © 2024 MLS Property Information Network, Inc.. 11/2/24 00:36