13 Flume Road, MagnoliaGloucester, MA 01930MLS Number 73242929

  • Price: $1,999,999
  • Est. Mortgage of $/month
  • 51 Days on Market
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%
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Federal 30-year interest rate: 6.89% last updated on Jul 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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13 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 0193013 Flume Road Gloucester MA 01930
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  • 7Bedrooms
  • 10Bathrooms
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.
Listed by Richard Palladino of Century 21 North East

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
127 Franklin Street
Reading, MA 01867

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More Info

Basic Information

  • Gross Income $44,400
  • Listing Terms Contract
  • Lot Features Corner Lot, Level
  • Mls StatusActive
  • Parcel Number 1901923
  • Rent Includes Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water), Unit 4(Heat, Hot Water)

Location

  • Address13 Flume Road
  • Building Number13
  • CountyEssex
  • NeighborhoodMagnolia
  • StateMA
  • StreetFlume Road
  • SubdivisionMagnolia
  • TownGloucester
  • Zip01930

Utilities

  • Electric Circuit Breakers,100 Amp Service
  • Heat SystemYes
  • Heating Forced Air, Oil
  • Sewer Private Sewer
  • Water Source Public

Water Body

  • Miles to Beach0.3
  • Waterfront Features Beach Front, Ocean,1/10 to 3/10 To Beach, Beach Ownership(Private)

Other

  • Buyer Agency Compensation2
  • Date Listed05/28/2024
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation1
  • View Count37

Tax Information

  • Tax Assessed Value $1,047,500
  • Tax Year 2024
  • Taxes$10,100

Rooms

  • Bathroom10
  • Bathrooms Total Decimal 7.5
  • Bedrooms7
  • Full Bath5
  • Half Baths5

Building

  • BasementWalk-Out Access, Interior Entry
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Patio And Porch Features Deck - Roof
  • Rooms17
  • Stories11
  • Units8
  • Year Built1920
  • Year Built Details Approximate
  • Year Built Source Public Records

Amenities

  • Amenities
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Public School
    • Shopping
  • Other AmenitiesBeachfront

School Information

  • High SchoolGloucester
  • High School Gloucester

Parking

  • Parking Features Off Street, Tandem
  • Parking Spaces8

Basic Information

  • List Price$1,999,999
  • MLS Number73242929
  • Modification Date07/12/2024
  • Property SubType5-9 Family

Property

  • Acreage0.2

Interior

  • Flooring Hardwood
  • Interior Features Upgraded Cabinets, Living Room, Dining Room, Kitchen

Exterior

  • Exterior Features Rain Gutters
  • Fencing Fenced
  • RoofRubber, Asphalt/Composition Shingles

Property Information

  • Building Area Source Public Records
  • Living Area 7,582
  • Lot Size Square Feet 8,900
  • Lot Size Units Acres
  • Square Feet7,582

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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