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7 Oak Street

Gloucester, MA 01930
  • $859,000
  • STATUS: Active
  • MLS #: 73282563
UPDATED: 63 min ago
$859,000
  • 8
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,802
    SQFT
  • $307
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Information

Middle School:
High School:
Listing courtesy of Jill Michaud of Gibson Sotheby's International Realty.

Description

A fantastic opportunity for both owner-occupants and investors to acquire a well located 3-family property in Gloucester. Unit 1&2 each with three bedrooms, 1 bath, a living room, kitchen, and in-unit laundry. Unit 3 featuring 2 bedrooms, a kitchen, and a living room. Recent updates include heating systems, water heaters, and rubber roof. The common basement has been updated and offers ample storage space. Additionally, the property includes a driveway with 4 parking spots and off-street parking. Current rents are below market value, providing potential for increased rental income. Located near downtown Gloucester, you'll have easy access to restaurants, shops, the waterfront and commuter routes. This property presents a great investment or owner-occupancy opportunity in a desirable area of Gloucester.

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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. Data last updated 2024-09-14T14:04:42.16.
www.edgepropertysearch.com/homes/154265551
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7 Oak Street Gloucester, MA 01930

  • Price: $859,000
  • Status: Active
  • On Site: Days
  • Updated: 63 min ago
  • MLS #: 73282563
8
Beds
3
Baths
0
½ Baths
N/A
Acres
2,802
SQFT
$307
$/SQFT
1900
Built
County:
Essex
Middle School:
O'maley
High School:
Gloucester
Property Description
A fantastic opportunity for both owner-occupants and investors to acquire a well located 3-family property in Gloucester. Unit 1&2 each with three bedrooms, 1 bath, a living room, kitchen, and in-unit laundry. Unit 3 featuring 2 bedrooms, a kitchen, and a living room. Recent updates include heating systems, water heaters, and rubber roof. The common basement has been updated and offers ample storage space. Additionally, the property includes a driveway with 4 parking spots and off-street parking. Current rents are below market value, providing potential for increased rental income. Located near downtown Gloucester, you'll have easy access to restaurants, shops, the waterfront and commuter routes. This property presents a great investment or owner-occupancy opportunity in a desirable area of Gloucester.
Exterior Features

Covered Spaces 0 Garage YN No Open Parking YN Yes Parking Features Paved DriveOff Street Parking Total 4 Patio And Porch Features Deck - Wood Road Surface Type Paved Roof Shingle Spa YN No Waterfront Features Beach FrontBeach Ownership(Public) Waterfront YN No

Interior Features

Appliances RangeRefrigeratorDishwasher Basement FullInterior EntryBulkheadConcreteUnfinished Building Area Total 2802 Fireplace YN No Fireplaces Total 0 Flooring Hardwood Foundation Details Granite Heating Hot WaterNatural GasBaseboardElectric Heating YN Yes Interior Features Bathroom With Tub & ShowerStorageLiving RoomKitchenSunroom Laundry Features Washer & Dryer Hookup Lead Paint Unknown Rooms Total 14 Window Features Skylight(s)

Property Features

Electric Circuit Breakers Exclusions Washing Machines Dryers Belong To Tenants. Gross Income 57600 Home Warranty YN No Net Operating Income 57600 Property Sub Type 3 Family Rent Includes Unit 1(Water)Unit 2(Water)Unit 3(Water) Senior Community YN No Sewer Public Sewer Tax Annual Amount 5693 Tax Year 2024 Total Actual Rent 4800 Water Source Public Year Built Details Approximate Year Round Yes Zoning R-5

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Jill Michaud of Gibson Sotheby's International Realty: 978-526-0243.


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. Data last updated 2024-09-14T14:04:42.16.
 
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Listing courtesy of Jill Michaud of Gibson Sotheby's International Realty.