13 Flume Rd Gloucester, MA 01930
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 TypeMulti-Family
- NeighborhoodN/A
- CountyEssex
- Taxes$10,100
- HOA/Condo/Coop Fees$0
- Days on Site28 Days
- MLS StatusActive
- MLS ID Number73242929
- Home Size Source Public Records
- Year Built1920
- Lot Size0.2 Acres
- Full Baths5
- Partial Baths5
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General Features
- Construction Frame
- Parking Off StreetTandem
- Parking Spaces 8
- Sewer Private Sewer
- Electric Circuit Breakers100 Amp Service
- Basement Walk- Out AccessInterior Entry
- Number of Stories 11
- Acreage 0.2
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Stone
- Zoning VB
- Compensation Based On Net Sale Price
- Sub-Agency Relationship Offered No
- Garage 0
- Parking Features Off StreetTandem
- Electricity Circuit Breakers100 Amp Service
Interior Features
- Heating Forced AirOil
- Flooring Hardwood
- Interior Upgraded CabinetsLiving RoomDining RoomKitchen
- Fireplaces 0
- Fireplace No
- Interior Features Upgraded CabinetsLiving RoomDining RoomKitchen
Exterior Features
- Roof RubberAsphalt/Composition Shingles
- Fencing Fenced
- Spa No
- Waterfront Property No
- Waterfront Features Beach FrontOcean1/10 to 3/10 To BeachBeach Ownership( Private)
- Exterior Rain Gutters
- Lot Corner LotLevel
- Patio And Porch Deck - Roof
- Lot Features Corner LotLevel
- Waterview Features Beach FrontOcean1/10 to 3/10 To BeachBeach Ownership(Private)
Community Features
- Community Features ShoppingParkMedical FacilityLaundromatMarinaPublic School
- Senior Community No
- MLS Area Magnolia
- Adult Care Community No