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Benjamin Hicks

ben@bridgemontrealty.com +1(617) 529-0751

$ 1,999,999

Est. payment -/mo

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Active

13 Flume Rd Gloucester, MA 01930

7 Beds

7.5 Baths

7,582 SqFt

UPDATED:

09/27/2024 07:05 AM

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,582 sqft

Price per Sqft $263

MLS Listing ID 73242929

Bedrooms 7

Full Baths 5

Half Baths 5

Year Built 1920

Annual Tax Amount $10,100

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Property 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.

Location

State MA

County Essex

Area Magnolia

Zoning VB

Direction Hesperus to Lexington to Flume

Rooms

Basement Walk-Out Access, Interior Entry

Interior

Interior Features Upgraded Cabinets, Living Room, Dining Room, Kitchen

Heating Forced Air, Oil

Flooring Hardwood

Exterior

Exterior Feature Rain Gutters

Fence Fenced

Community Features Shopping, Park, Medical Facility, Laundromat, Marina, Public School

Waterfront false

Waterfront Description Beach Front,Ocean,1/10 to 3/10 To Beach,Beach Ownership(Private)

Roof Type Rubber,Asphalt/Composition Shingles

Parking Type Off Street, Tandem

Total Parking Spaces 8

Garage No

Building

Lot Description Corner Lot, Level

Story 11

Foundation Stone

Sewer Private Sewer

Water Public

Schools

High Schools Gloucester

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by Century 21 North East

Benjamin Hicks

+1(617) 529-0751

Benjamin Hicks

13 Flume Rd Gloucester, MA 01930

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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13 Flume Rd