Price Reduced 16.67%

$1,999,999 ($263.78 per sqft)

Est. Mortgage $9,851/mo *

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13 Flume Rd, Gloucester, (Magnolia), MA, 01930

13 Flume Rd, Gloucester, (Magnolia), MA, 01930
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17 rooms

7 beds

5 Full / 5 Half baths

1920

7,582 sqft

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.

Status:

Active

Town:

Gloucester

Type:

Multi-family

Units:

8

Zoning:

VB

Heating:

Forced Air, Oil

Basement:

Walk-Out Access, Interior Entry

Levels:

11

Parking:

8-car, Off Street, Tandem

Acreage:

0.2

Est. Taxes:

$10,100

Assessment

$1,047,500

Construction

Frame

Lot Description:

Corner Lot, Level

Amenities:

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

High School:

Gloucester

MLS #:

73242929

Compensation Based On:

Net Sale Price

Sub-Agency Relationship Offered:

No

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Richard Palladino, Century 21 North East