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617-817-4782
Real Estate Company
35-37 Sargent St, Gloucester, MA 01930
- $995,000
- 16
- BD
- 10
- BA
- 5,919
- SqFt
- List Price
- $995,000
- Status
- NEW
- MLS#
- 73595656
- Bedrooms
- 16
- Bathrooms
- 10
- Full Baths
- 6
- Half Baths
- 4
- Living Area
- 5,919
- Lot Size (Acres)
- 0.17
- Year Built
- 1900
Property Description
Great investment opportunity in downtown Gloucester. This existing two-family property is currently occupied by two long-term tenants, providing immediate rental income while you move forward with an approved expansion project. All city approvals are in place for approximately 4,200 square feet of additional building area, comprising four townhouse-style units, each with three bedrooms and 1.5 baths. As an added benefit, the seller has already obtained a quote from a modular construction company for the four proposed units. The level and mostly cleared lot is ready for the next stage of development. Continue collecting rent from the existing units while completing the construction process. Centrally located near downtown amenities and the MBTA Commuter Rail, this property offers a compelling combination of current income and future growth potential.
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Additional Information
- Taxes
- $4,110
- Parking Description
- Off Street
- Lot Description
- Corner Lot, Level
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Mark Ventimiglia from Listing Office: Vadala Real Estate.
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