13 Flume Rd Gloucester MA 01930 MLS #73242929

There are multiple listings for this address:
13 Flume Rd
Gloucester, MA, 01930
$1,999,999
7 Beds
7.5 Baths
7,582 SqFt
0.2 Acres
$1,999,999
13 Flume Rd
Gloucester, MA, 01930
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.

Property Details

Price:
$1,999,999
MLS #:
73242929
Status:
Active
Beds:
7
Baths:
7.5
Address:
13 Flume Rd
Type:
Multi Family
Subtype:
5-9 Family
Neighborhood:
Magnolia
City:
Gloucester
Listed Date:
May 28, 2024
State:
MA
Finished Sq Ft:
7,582
Total Sq Ft:
7,582
ZIP:
01930
Lot Size:
8,900 sqft / 0.20 acres (approx)
Year Built:
1920
Units:
8

Schools

High School:
Gloucester

Interior

Bathrooms
5 Full Bathrooms, 5 Half Bathrooms
Flooring
Hardwood
Heating
Forced Air, Oil

Exterior

Community Features
Shopping, Park, Medical Facility, Laundromat, Marina, Public School
Construction Materials
Frame
Exterior Features
Rain Gutters
Parking Features
Off Street, Tandem
Parking Spots
8
Roof
Rubber, Asphalt/ Composition Shingles

Financial

Net Operating Income
$44,400
Tax Year
2024
Taxes
$10,100
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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13 Flume Rd
Gloucester, MA
13 Flume Rd
Gloucester, MA, 01930
$1,999,999
Beds
0 Baths
0 SqFt
0.2 Acres
$1,999,999
13 Flume Rd
Gloucester, MA, 01930
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.

Property Details

Price:
$1,999,999
MLS #:
73255255
Status:
Active
Beds:
0
Baths:
0
Address:
13 Flume Rd
Type:
Commercial
Subtype:
5-9 Family
Neighborhood:
Magnolia
City:
Gloucester
Listed Date:
Jun 20, 2024
State:
MA
Total Sq Ft:
7,582
ZIP:
01930
Lot Size:
8,900 sqft / 0.20 acres (approx)
Year Built:
1920

Schools

High School:
Gloucester

Interior

Bathrooms
5 Full Bathrooms, 5 Half Bathrooms
Flooring
Hardwood
Heating
Forced Air, Oil

Exterior

Community Features
Shopping, Park, Medical Facility, Laundromat, Marina, Public School
Construction Materials
Frame
Exterior Features
Rain Gutters
Parking Features
Off Street, Tandem
Parking Spots
8
Roof
Rubber, Asphalt/ Composition Shingles

Financial

Net Operating Income
$44,400
Tax Year
2024
Taxes
$10,100
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing
Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

More About Marie

Mortgage Calculator

 

Map

Similar Listings Nearby