$1,400,000
Total Beds: 14 Total Baths: 7
Total Units: 10 SQFT: 6007
LOT size: 0.07 Acres
222 Main St
Gloucester, MA 01930

Property Description

OPPORTUNITY ABOUNDS! Fantastic investment opportunity in this fully leased 10 unit mixed-use building in the heart of Gloucester. Seven residential deleaded units and 3 retail spaces. Located in historic East End, and well cared for building with lots of updates throughout. Gross income of $12,025 per month. Don't miss your chance to own a piece of thriving downtown Gloucester! The property is located in the Central Business (CB) District. and the city zoning allows for a variety of uses that include office, retail, medical, restaurants, financial, education and more.

Property Details

Building Information

  • Total Units: 10
  • Total Rent: 12025
  • Total Floors: 5
  • Levels: 4
  • Total Rooms: 21
  • RMS: 28
  • Total Bedrooms: 14
  • Total Full Baths: 7
  • Amenities: Marina, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Interior Access

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 144300

Utilities

  • Hot Water: Natural Gas
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 1500
  • Under Lease: No
  • Rooms: 5
  • Floors: 1
  • Bedrooms: 3
  • Full Baths: 1
  • Levels: 1

Unit 2 Description

  • Rent: 1375
  • Under Lease: No
  • Rooms: 4
  • Floors: 1
  • Bedrooms: 2
  • Full Baths: 1
  • Levels: 1

Unit 3 Description

  • Rent: 1800
  • Under Lease: No
  • Rooms: 5
  • Floors: 1
  • Bedrooms: 3
  • Full Baths: 1
  • Levels: 1

Unit 4 Description

  • Rent: 900
  • Under Lease: No
  • Rooms: 3
  • Floors: 2
  • Bedrooms: 1
  • Full Baths: 1
  • Levels: 1
Unit 5 Description
  • Rent: 1500
  • Rooms: 4
  • Bedrooms: 2
  • Full Baths: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Lead Paint: Certified Treated

Other Information

  • MLS ID# 72655351
  • Last Updated: 07/14/20

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