13 Flume Rd, Gloucester, MA

$1,999,999

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7

Beds

Baths

7,582

Square feet

0.20

Acres

About 13 Flume Rd

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.

Features of 13 Flume Rd

MLS® # 73242929
Price $1,999,999
Bedrooms 7
Bathrooms 7.50
Full Baths 5
Half Baths 5
Square Footage 7,582
Acres 0.20
Year Built 1920
Type Residential Income
Sub-Type 5-9 Family
Status Active

Community Information

Address 13 Flume Rd
Area Magnolia
City Gloucester
County Essex
State MA
Zip Code 01930

Amenities

Parking Spaces 8
Parking Off Street, Tandem
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 11

School Information

High Gloucester

Additional Information

Zoning VB

Listing Details

Agent Richard Palladino
Office Century 21 North East

Listing Map

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