13 Flume Rd
Gloucester, Massachusetts 01930, United States

MLS#: 73242929

$1,999,999 USD

Total rooms
17
Minimum sellable space
704m² (7,582ft²)
The details

Property features

Date Updated: Dec 2, 2024

Construction details

Year built
1920
Roofing
Rubber
Shingle-Asphalt

Area

Property size
704m² (7,582ft²)
Land/Lot size
809m² (0.2ac)
Bedrooms
7
Bathrooms
10
Total rooms
17
Heating system
Oil
Forced Air

Description

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.

Location

13 Flume Rd, Gloucester, Massachusetts 01930, United States
map image
Courtesy of Richard Palladino CENTURY 21 North East