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You are here:
Home Massachusetts Gloucester Multi-Family Homes for Sale

13 Flume Rd Gloucester, MA 01930

178 Days on Boston Pads
Price Reduced $400,001
15 Photos
$1,999,999
8 Unit
7 Beds
10 Baths
7582 SQFT
0.20 Acre
13 Flume Rd
Gloucester, MA 01930

Property 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 Overview

Property Details click or tap to expand

Building Information

  • Total Units: 8
  • Total Floors: 11
  • Total Bedrooms: 7
  • Total Full Baths: 5
  • Total Half Baths: 5
  • Amenities: Laundromat, Marina, Medical Facility, Park, Public School, Shopping
  • Basement Features: Interior Access, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Upgraded Cabinets
  • Common Heating: Electric Baseboard, Forced Air, Oil, Oil, Radiant

Financial

  • APOD Available: No
  • Gross Operating Income: 144000
  • Net Operating Income: 44400

Utilities

  • Electric Info: 100 Amps, Circuit Breakers, Other (See Remarks), Underground
  • Water: City/Town Water, Private
  • Sewer: On-Site, Private Sewerage

Unit 1 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: No
  • Floors: 4
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Asphalt/Composition Shingles, Rubber
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73242929
  • Last Updated: 09/27/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/27/2024Active$1,999,999$264MLSPIN
09/23/2024Extended$1,999,999$264MLSPIN
07/23/2024Active$1,999,999$264MLSPIN
07/08/2024Price Change$1,999,999$264MLSPIN
07/08/2024Price Change$1,999,999MLSPIN
06/24/2024Active$2,200,000MLSPIN
06/20/2024New$2,200,000MLSPIN
06/19/2024Active$2,200,000$290MLSPIN
06/15/2024Price Change$2,200,000$290MLSPIN
06/01/2024Active$2,400,000$317MLSPIN
05/28/2024New$2,400,000$317MLSPIN
01/01/2024Expired$2,400,000$317MLSPIN
01/01/2024Expired$2,400,000MLSPIN
12/13/2023Temporarily Withdrawn$2,400,000MLSPIN
12/13/2023Temporarily Withdrawn$2,400,000$317MLSPIN
11/24/2023Active$2,400,000MLSPIN
11/24/2023Active$2,400,000$317MLSPIN
11/20/2023Extended$2,400,000MLSPIN
11/20/2023Extended$2,400,000$317MLSPIN
10/29/2023Active$2,400,000$317MLSPIN
10/29/2023Active$2,400,000MLSPIN
10/25/2023Extended$2,400,000MLSPIN
10/25/2023Extended$2,400,000$317MLSPIN
08/30/2023Active$2,400,000MLSPIN
08/30/2023Active$2,400,000$317MLSPIN
08/26/2023Extended$2,400,000$317MLSPIN
08/26/2023Extended$2,400,000MLSPIN
03/31/2023Active$2,400,000$317MLSPIN
03/31/2023Active$2,400,000MLSPIN
03/27/2023New$2,400,000MLSPIN
03/27/2023New$2,400,000$317MLSPIN
03/27/2023Canceled$2,400,000$317MLSPIN
03/27/2023Canceled$2,400,000MLSPIN
01/14/2023Active$2,400,000$317MLSPIN
01/14/2023Active$2,400,000MLSPIN
01/10/2023New$2,400,000$317MLSPIN
01/10/2023New$2,400,000MLSPIN

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Map & Resources

Blynman School

School

0.47mi

Gloucester Fire Department

Fire Station

0.14mi

Manchester Bath & Tennis Club

Sports Centre. Sports: Tennis, Swimming

0.4mi

Knowlton Park

Municipal Park

0.14mi

Magnolia Park

Municipal Park

0.21mi

Magnolia Park

Municipal Park

0.23mi

Rafes Chasm Park

Municipal Park

0.48mi

Burke Playground

Park

0.84mi

Burkes Playground

Playground

0.72mi

Grays Beach Landing

Recreation Ground

0.16mi

Magnolia Beach

Recreation Ground

0.42mi

Coolidge Reservation

Recreation Ground

0.46mi

Coolidge Reservation, Ocean Lawn

Recreation Ground

0.73mi

Lipkowitz Dental Associates

General, Cosmetic, Implantology

0.2mi

Seller's Representative: Richard Palladino, Century 21 North East
MLS ID#: 73242929

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-09-27 03:05:00