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58.5 Granite St, Gloucester MA 01930

$499,900

Estimated $1,015/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $249,950

Total Rent: 239976/year

Estimated CAP Rate:

7 Bedrooms

Baths

3900

Total Parking: 7

3,658 (0.08)

Existing 2 family home for potential rehab but also is approved 4 family new construction. Either keep existing 2 family building or demolish and build 4 townhouses with garages under. Water views from upper floors. 2 bedroom 2.5 bath proposed units. Easement for access back yard via Gaffney street. Existing structure must be demolished to build the proposed 4 units. ZBA and city council approvals attached under paperclip. New structure must be built by buyer at buyer's expense if building 4 units.

This home has been viewed 128 times

Last Checked: October 7th, 2024 at 4:14pm (Source: MLS PIN #73193912)

Gross Income: $239,976

Gross Expenses: $2,456

Net Income Calc: $237,520

Water Views

Annual Expenses for 58.5 Granite St, Gloucester MA 01930

Total Gross Expenses (Calculated)$2,456/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax2456

Annual Income & Unit Breakdown for 58.5 Granite St, Gloucester MA 01930

Total Gross Income (Calculated)$239,976

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit2

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 58.5 Granite St, Gloucester MA 01930

Listing ID73193912

Property TypeMulti Family

Price499900 ($128.18/SqFt)

StyleMulti Family

CityGloucester

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total3900

Approximate Lot Size (Acres)0.08

Total Parking7

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate,To Be Built

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area1536

Foundation Description

Accessible Features

Outdoor Space

ZoningR-5

Water ViewsYes

Water Views FeaturesBay

Waterfront FeaturesRiver

Terms

Disclosures for 58.5 Granite St, Gloucester MA 01930

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOwner

ExclusionsNelson Pendant Lamp In Third Floor Bedroom/Office.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)Lender Owned

Buyer Agent Compensation2.5

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 58.5 Granite St, Gloucester MA 01930

Real Estate Taxes2456

Tax Year2023

Assessed Value$231,900

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 58.5 Granite St, Gloucester MA 01930

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 58.5 Granite St, Gloucester MA 01930

Agent

Name: Michael Becker

Office

Name: Atlantic Coast Homes,Inc

Phone: 978-777-4444

Payment Calculator

, Interest

Property Taxes 204.67

Principal & Interest 3080.22

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Atlantic Coast Homes,Inc

Michael Becker

Agent Phone

Office Phone

(978) 777-4444

Text Agent Call Agent Call Office

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    [unparsed] => 58.5 Granite St, Gloucester MA 01930
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EXIT

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