Brought to you by: Pam Cote & Associates - RE/MAX Advantage
100 Cummings Center
Beverly, MA 01915

Phone: (978) 808-9345 Fax: (978) 882-4491

Gloucester, MA. 01930-1810
MLS # 72352755
Multi-Family 5-9 Family    
Status Active
List Price $1,125,000 Days on Market  
List Date   # Units 11
Sale Price   # Floors  
Sold Date   Rooms 13
Assessed Value $476,100 Bedrooms 3
Gross Living Area 4,167SF Full Baths  
Lot Size 23,873SF Half Baths  
Taxes $6,155.97 Fireplaces  
Tax Year 2018 Basement Yes
Zoning GI Waterfront No
Est. Street Front 140 ft. Beach Nearby Yes
Year Built 1890 Parking Spaces 23
    Garage Spaces 0
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Investors! Entrepreneurs! Inventors! Artists! This mixed use commercial/business property is ideal for creative thinkers in all types of work, wellness practitioners or co work space. Very attractive three bedroom, two bath apartment could be owner occupied or, could be used by an on site manager as living space. Ten separate office rooms supported by storage space and two half baths currently accommodate up to thirty separate practitioners. The property is located within a General Industrial Zoning District and, just to name a few, allows for offices, a day care center, a trade school. Think of the possibilities! Set on over a half acre of land, with Greenbelt owning land to the rear and side, this property has many possibilities. Currently earning $65,000 in rental income and with potential for earning an additional $20,000 from the three bedroom grandfathered apartment, the property is not only a good investment, it can be home to a creative spirit.

Amenities : Public Transportation, Highway Access
Basement : Partial, Interior Access
Beach : 1 to 2 Mile mi., Ocean (Public)
Construction : Frame
Electricity : 220 Volts, Circuit Breakers, 200 Amps
Energy : Insulated Windows, Insulated Doors
Exterior : Clapboard, Wood
Exterior Feat. : Porch, Gutters
Flooring : Wood, Wall to Wall Carpet
Foundation : Granite
Foundation Size : mixed
Hot Water : Tankless
Lead Paint : Unknown
Lot : Paved Drive
Parking : Off-Street, Guest, Paved Driveway
Road : Public, Paved, Publicly Maint.
Roof : Asphalt/Fiberglass Shingles
Sewer / Water : Private Sewerage, City/Town Water
Utility Connections : for Gas Range
Warranty : No

Unit 1 : Appliances: Range, Dishwasher, Refrigerator; Bedrooms: 3; Floor: 2; Fireplaces: 1; Full Baths: 2; Heating: Hot Water Baseboard, Oil; Interior: Ceiling Fans, Cable TV Available, Fireplace - Wood burning, Hardwood Floors, Jacuzzi/Whirlpool Soaking Tub, Upgraded Countertops, Bathroom with Shower Stall, Bathroom With Tub & Shower, Open Floor Plan; Lease: No; Levels: 2; Rooms: 9; Rooms Desc.: Living Room, Dining Room, Kitchen, Laundry, Office/Den
Unit 2 : Floor: 1; Half Baths: 1; Lease: Yes; Levels: 1; Rooms: 1
Unit 3 : Floor: 1; Lease: Yes; Levels: 1; Rooms: 1
Unit 4 : Floor: 1; Levels: 1; Rooms: 1

Electricity : $1,800
Expenses Source : Owner Provided
Expenses Year End : 12/17
Gas : $238
Gross Expenses : $15,000
Gross Oper. Income : $65,000
Heat : $2,400
Insurance : $3,657
Misc. : $1,053
Water : $817

APOD Available? : Yes
Adult Community : No
Deed : Book: 28158, Page: 581
Disclosures : Call for appointment. May be shown Mondays after 5:00 pm, Thursdays after 5 pm, Saturdays between 9 & 11 am
Foreclosure : No
GLA Source : Public Record
Identifier : Map: 264, Lot: 25
Parcel # : M:0264 B:0025 L:0000
Schools : Grade School: East Gloucester, Middle School: O'Maley, High School: GHS
Seller Disclosure Doc : No
Short Sale : No
Year Built Desc. : Approximate
Year Built Source : Public Record

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