Beds7
Baths5Full51/2
Sq.Ft.7,582
Year1920
Peabody MA - Century 21 North East Office
(800) 844-7653
Status:
Active
Property Type:5-9 Family
MLS #:73091802
Sq. Feet:7,582
On Site:257 Days
Lot Size:0.2 Acres
County:Essex
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 and a penthouse 2 bedroom unit. Relaxing " common area ocean-view roof deck. Four retail units are located on Lexington Ave. 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.
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Community Information
Address:13 Flume Rd, Gloucester, MA 01930
Area:Magnolia
County:Essex
City:Gloucester
Zip Code:01930
Architecture
Bedrooms:
7
Bathrooms:
5 Full / 5 Half
Year Built:1920
Stories:11
Construction Materials: Frame
Building Area: 7582
Roof: Rubber, Asphalt/Composition Shingles
Foundation: Stone
Basement: Walk-Out Access
Parking Features: Off Street
Parking Total: 8
Features / Amenities
Interior Features: Other (See Remarks), Unit 1(Upgraded Cabinets), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)
Flooring: Unit 1(undefined)
Exterior Features: Deck - Roof
Patio And Porch: Deck - Roof
Heating: Forced Air, Unit 1(Forced Air, Oil), Unit 2(Forced Air, Oil), Unit 3(Forced Air, Oil), Unit 4(Forced Air, Oil)
Total Rooms:16
Property Features
Lot Size:
0.2 Acres
Lot Features: Corner Lot, Level
Waterfront: Beach Front, Ocean, 1/10 to 3/10 To Beach
Water View: Yes
Sewer: Private Sewer
Water: Public
Electric: Circuit Breakers
Road Frontage: Public
Zoning:VB
Directions:Hesperus to Lexington to Flume
Tax and Financial Info
Tax Year: 2022
Tax Annual Amount: $10,100
Gross Income: $115,800
Net Operating Income: $69,000
Terms: Contract
Total Actual Rent: $9,650
Rent Includes: Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water), Unit 4(Heat, Hot Water)
Buyer Agency Compensation: 2
Transaction Broker Compensation: 2
Disclosures: Off street parking is tandem. Title V will be completed prior to closing. Retail units pay their own electric and heat. The hair salon has separately metered water. Room count does not include the retail spaces. Rents are bel
Listing Agent/Office
Listing provided courtesy of Richard Palladino, Century 21 North East.
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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 and a penthouse 2 bedroom unit. Relaxing " common area ocean-view roof deck. Four retail units are located on Lexington Ave. 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.
Make this $2,400,000, 7 bed, 10 bath 5-9 family for sale in Essex County, Gloucester, MA 01930 at 13 Flume Rd your home today by Scheduling A Tour using the form above. 73091802
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Listing Information Last Updated 12/8/2023
