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

88 Rocky Neck Ave Gloucester, MA 01930

60 Days on Boston Pads
Price Reduced $300,000
28 Photos
$3,500,000
4 Unit
5 Beds
5 Baths
3678 SQFT
0.30 Acre
88 Rocky Neck Ave
Gloucester, MA 01930

Property Description

ROCKY NECK WATERFRONT FOUR FAMILY W/ COMMERCIAL DEEP WATER CHAP 91 DOCK- The dock can accommodate large fishing boats or multiple pleasure craft and extends out to the Harbor Commissioner's Line in the harbor. There are 4 residential units, one original to the property and 3 newer units built in 2004. The 2004 building has (2) one bedroom units, and (1) two bedroom unit, both with private decks and sweeping harbor views. The original unit is located on the dock with wrap around harbor views of Gloucesters inner harbor. A parade of boats will keep you entertained along with summertime fireworks and the Parade of Sail. Rocky Neck is the oldest art colony in the country with art studios & galleries, restaurants & bars, and a multitude of water activities. It's a short distance to downtown, Niles Beach & Eastern Point Yacht Club. Bring your boat, big or small! There is potential to add multiple fingers to the dock for more dockage. All units have separate utilities except for water/sewer.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Amenities: Marina, Public School, Shopping
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Programmable Thermostat, Slider, Stone/Granite/Solid Counters
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Washer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 101400
  • Gross Expenses: 3400
  • INSC: 3400
  • Net Operating Income: 98000

Utilities

  • Electric Info: 200 Amps, Individually Metered
  • Energy Features: Insulated Doors, Insulated Windows, Prog. Thermostat
  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 2004
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame, Modular, Steel
  • Foundation Info: Other (See Remarks), Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73243379
  • Last Updated: 07/15/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
07/15/2024Active$3,500,000$952MLSPIN
07/11/2024Price Change$3,500,000$952MLSPIN
06/01/2024Active$3,800,000$1,033MLSPIN
05/28/2024New$3,800,000$1,033MLSPIN
12/01/2023Expired$5,100,000$1,387MLSPIN
08/20/2023Active$5,100,000$1,387MLSPIN
08/16/2023New$5,100,000$1,387MLSPIN

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View Breakdown

Seller's Representative: Karen Bernier, Churchill Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-07-15 03:05:00