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Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type 2 Family - 2 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,209 sqft
Price per Sqft $294
MLS Listing ID 73238105
Sold Date 07/29/24
Bedrooms 7
Full Baths 3
Year Built 1900
Annual Tax Amount $5,042
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Description
2 family investment property located in Central Gloucester consisting of a large 8 Rm 5 BR 2 BA 2nd floor apt above a 1st floor 4 Rm 2 BR 1 BA apt. Current monthly rents total $3950 or $47,400 yearly (below market rate). Expenses for 2023 were $12,021 including re taxes. Updated utilities include 2 sep fhw by gas boilers (1 new in 2023), 2 sep gas hw heaters (2022 and 2023) and two 100 amp electric services. Low maintenance vinyl siding 10 yr and roof done in 2016. Ample paved off-street parking for 6 cars. Long term tenants of 19 and 15 years. Large fenced level yard. 2 secure storage areas in basement. Both units have letters of compliance with regard to lead paint. Property is very convenient to T commuter rail station, Shaw's plaza, Rt. 128, and downtown Gloucester shops and restaurants. FIRST SHOWINGS Sat. May 18th from 10;30 -12 by appointment only. POTENTIAL FOR CONVERSION TO 3 FAMILY. Nearby Burnham's Field playground, walking track, ball fields, and community gardens.
Location
State MA
County Essex
Zoning R5
Direction Washington St. to Maplewood Ave. to Shepherd St. to Pleasant St.
Rooms
Basement Full, Interior Entry, Bulkhead, Concrete
Interior
Interior Features Storage, Living Room, Kitchen, Dining Room
Heating Baseboard, Natural Gas, Individual, Unit Control
Flooring Tile, Vinyl, Carpet, Laminate
Appliance Range, Dishwasher, Refrigerator
Exterior
Fence Fenced/Enclosed, Fenced
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station
Waterfront false
Waterfront Description Beach Front,Harbor,1/2 to 1 Mile To Beach,Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 6
Garage No
Building
Lot Description Cleared, Level
Story 3
Foundation Brick/Mortar, Granite
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Aiello Team • North Shore's Gold Coast Realty
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