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13 Flume Rd, Gloucester MA 01930 – 7 bed 10 bath For Sale – 73242929

$ 1,999,999
13 Flume Rd, Gloucester MA 01930, ,
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Overview

  • Updated On:
  • December 27, 2024
  • listingid
  • 73242929
  • 7 Bedrooms
  • 7.5 Bathrooms
  • 0 Garage Spaces
  • 8 Total Parking
  • 1920
  • HOA Fee

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.

Property Details

Property Id: 969575
Price: $ 1,999,999
Property Size: 7,582.00 ft2
Property Lot Size: 0.20 ft2
Rooms: 17
Bedrooms: 7
Bathrooms: 7.5
Full Bath: 5
Half Bath: 5
Total Bathrooms: 7.5
Disclosures: N
Basement: Walk-Out Access,Interior Entry
Last Updated: 2024-12-27T08:06:56.906Z
Building Area Source: Public Records
Building Area Total: 7582
Building Area Units: Square Feet
Community Features: Shopping,Park,Medical Facility,Laundromat,Marina,Public School
Construction Materials: Frame
Directions: Hesperus to Lexington to Flume
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 below market rates. Listing Agent is related to seller
Electric: Circuit Breakers,100 Amp Service
Expiration Date: 1900-01-01
Fencing: Fenced
Flooring: Hardwood
Foundation Details: Stone
Gross Income: 144000
Heating: Forced Air,Oil
High School: Gloucester
List Agent MlsId: BB910096
List Office MlsId: AN4346
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-05-28
Listing ID: 73242929
Lot Features: Corner Lot,Level
Lot Size: 0.2
Lot Size SqFt: 8900
Lot Size Units: Acres
Date Available: No
Bedroom 1: 3
Bedroom 2: 1
Bedroom 3: 1
Bedroom 4: 2
Bath 1: 2
Bath 2: 1
Bath 3: 1
Bath 4: 1
Hot Water: Oil,Tank
Unit 1 Baths: 1
Lead Paint: Unknown
Lease 1: N
Lease 2: N
Lease 3: N
Lease 4: N
Unit 1 Living Levels: 2
Unit 2 Living Levels: 1
Unit 3 Living Levels: 1
Unit 4 Living Levels: 1
Listing Alert: No
Price Per SqFt: 263.78
Days in Market: 213
Total Days on Market: 213
MLS PIN Page: 85
Price Per SqFt: 263.78
Unit 1 Rent: 2500
Unit 2 Rent: 1200
Living Area Disclosure: Total Square footage is 10,201 by public records
Living Area Includes Basement: No
Title V: A
Waterview Features: Ocean
Water View: Yes
MLS Status: Active
Last Updated: 2024-12-27T08:05:00.000Z
Net Operating Income: 44400
Number Of Units: 8
Original List Date: 2024-05-28T13:32:00.000Z
Original List Price: 2400000
Parcel Number: 1901923
Parking Features: Off Street,Tandem
Total Parking: 8
Patio And Porch Features: Deck - Roof
Rent Includes: Unit 1(Heat,Hot Water),Unit 2(Heat,Hot Water),Unit 3(Heat,Hot Water),Unit 4(Heat,Hot Water)
Road Type: Public
Roof: Rubber,Asphalt/Composition Shingles
Sewer: Private Sewer
State: MA
Status Change Time: 2024-12-23T15:48:00.000Z
Total Stories: 11
Tax Annua lAmount: 10100
Tax Assessed Value: 1047500
Tax Book Number: 23957
Tax Year: 2024
Total Actual Rent: 9650
Water Source: Public
Waterfront Features: Beach Front,Ocean,1/10 to 3/10 To Beach,Beach Ownership(Private)
Year Built: 1920
Year Built Details: Approximate
Year Built Source: Public Records
Zoning: VB

Payment Calculator

$ 11,459.47
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 9,592.80

Amenities and Features

Other Features
Dining Room
Has Heating System
Kitchen
Living Room
Rain Gutters
Upgraded Cabinets

Property Address

Address: 13 Flume Rd, Gloucester MA 01930
City:
Area:
State/County:
Zip: 01930
Country: United States
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13 Flume Rd, Gloucester MA 01930 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.

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13 Flume Rd, Gloucester MA 01930 – 7 bed 10 bath For Sale – 73242929

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