Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Withdrawn

58.5 Granite St, Gloucester MA 01930

$499,900

Estimated $1,015.26/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $249,950

Total Rent: 239976/year

Estimated CAP Rate: 47.51%

7 Bedrooms

2 Full Baths

3,900 SqFt

Total Parking: 7

3,658 SqFt

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 114 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

CAP Rate: 47.51%

Water Views

Beach Front

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 Tax$2,456

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

Total Gross Income (Calculated)$239,976

Unit 1

Rental Income$9,999

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$9,999

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent IncludesNo

General Information for 58.5 Granite St, Gloucester MA 01930

Listing ID73193912

Property TypeMulti Family

Price$499,900 ($128.18/SqFt)

StyleMulti Family

CityGloucester

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total3,900 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking7

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate,To Be Built

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesEasements, Steep Slope

Foundation Area1536

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR-5

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, 1/10 To 3/10 To Beach, Beach Ownership(public)

Energy Features

Terms

Disclosures for 58.5 Granite St, Gloucester MA 01930

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosureapproximate. Includes area partially below grade o

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$239,976

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 58.5 Granite St, Gloucester MA 01930

Real Estate Taxes$2,456

Tax Year2023

Assessed Value$231,900

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$239,976

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)47.51%

Location Information for 58.5 Granite St, Gloucester MA 01930

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesHighway Access, Public Transportation, Marina

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 $0

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

Array
(
    [acres] => Approx. 0.08 acres (3,658 SqFt)
    [add_date] => 2024-04-27 05:06:51
    [address] => Granite St
    [agent] => Array
        (
            [address] => 2 School Street Court
            [city] => Salem
            [id] => BB809482
            [name] => Michael Becker
            [national_association] => 448553138
            [office] => AC1991
            [state] => MA
            [zip] => 01970
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 3,900 SqFt
    [approx_lot_size_acres] => 0.08 acres
    [approx_lot_size_sqft] => 3,658 SqFt
    [assessed_value] => $231,900
    [association] => No
    [association_fee] => Array
        (
            [0] => $0
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
            [0] => No
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [basement] => Array
        (
        )

[bathrooms] => 2 Full
    [bedrooms] => 7
    [building_amenities] => Array
        (
            [0] => No
        )

[building_area_source] => Array
        (
            [0] => Owner
        )

[building_management] => Array
        (
        )

[building_debug] => 58.5 Granite St Gloucester
    [building_id] => 
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2.5
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
        )

[c_type] => Multi Family
    [cap_rate] => 47.51%
    [city] => Gloucester
    [community_features] => Array
        (
            [0] => Highway Access
            [1] => Public Transportation
            [2] => Marina
        )

[compensation_based_on] => Array
        (
            [0] => Net Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => Frame
        )

[construction_status] => 
    [cooling] => No
    [cooperating_agent_commission] => Array
        (
        )

[county] => Essex
    [cultivation_acres] => None
    [date_available_note] => 
    [deposit_amount] => Array
        (
            [0] => $0
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => 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.
    [disclosures] => 
    [documents_available] => Array
        (
            [0] => No
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
            [0] => $0
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 1
    [fee_paid_by_tennant] => Contact Agent
    [financial_data_source] => Array
        (
            [0] => No
        )

[fireplaces] => Array
        (
            [0] => 0
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => No
    [foundation_area] => 1536
    [foundation_materials] => Array
        (
            [0] => Stone
        )

[frontage_length] => 
    [full_baths] => 2
    [garage_parking] => 
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
            [0] => $0
        )

[gross_income] => Array
        (
            [0] => $0
        )

[half_baths] => 0
    [handicap_access] => No
    [heating] => No
    [heating_expense] => Array
        (
            [0] => $0
        )

[high_school] => 
    [horse_features] => Array
        (
            [0] => Ocean
            [1] => Beach Front
            [2] => 1/10 To 3/10 To Beach
            [3] => Beach Ownership(public)
        )

[horse_permitted] => No
    [hot_water] => Array
        (
        )

[id] => 295821
    [insurance_expense] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-10-07 16:14:08
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => 
    [levels_in_unit] => 1
    [living_area] => 3,900 Sq. Ft.
    [living_area_disclosure] => Array
        (
            [0] => approximate. Includes area partially below grade o
        )

[living_area_includes_basement] => Array
        (
            [0] => Yes
        )

[lot_features] => Array
        (
            [0] => Easements
            [1] => Steep Slope
        )

[management_expense] => Array
        (
            [0] => $0
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[mls_area] => 
    [mls_id] => 73193912
    [neighborhoods] => Array
        (
            [0] => Ipswich
        )

[net_income_calc] => 237520
    [net_operating_income] => Array
        (
            [0] => $239,976
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 2
    [office] => Array
        (
            [id] => AC1991
            [name] => Atlantic Coast Homes,Inc
            [phone] => 978-777-4444
        )

[operating_expense] => Array
        (
            [0] => $0
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
            [0] => No
        )

[phone] => 978-590-4181
    [pool_features] => Array
        (
            [0] => No
        )

[price] => $499,900
    [price_per_sqft] => 128.18
    [price_per_unit] => 249950
    [private_pool] => No
    [property_sub_type] => Array
        (
            [0] => Multi Family
        )

[real_estate_tax] => $2,456
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => No
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 12
    [senior_community] => No
    [sewer] => Array
        (
        )

[sewer_expense] => Array
        (
            [0] => $0
        )

[short_sale] => 
    [special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Withdrawn
        )

[street_number] => 58.5
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 1
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 1
    [tax_year] => 2023
    [team] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => None
    [title_5] => 
    [total_gross_expense] => 2456
    [total_gross_income] => 239976
    [total_parking] => 7
    [trash_expense] => Array
        (
            [0] => $0
        )

[uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 4
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 2
    [unit_1_rent] => Array
        (
            [0] => 9999
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 4
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 2
    [unit_2_rent] => Array
        (
            [0] => 9999
        )

[unit_3_bathrooms] => 
    [unit_3_bedrooms] => 
    [unit_3_floor] => 
    [unit_3_lease] => Array
        (
        )

[unit_3_levels] => 
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => Array
        (
            [0] => 58.5 Granite St, Gloucester MA 01930
        )

[utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
        )

[water_expense] => Array
        (
            [0] => $0
        )

[water_views] => Array
        (
            [0] => Yes
        )

[water_views_features] => Array
        (
        )

[waterfront] => No
    [waterfront_features] => Array
        (
            [0] => Ocean
            [1] => Beach Front
            [2] => 1/10 To 3/10 To Beach
            [3] => Beach Ownership(public)
        )

[year_built] => 1900
    [year_built_details] => Approximate,To Be Built
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01930
    [zoning] => R-5
    [zoning_details] => 
    [media] => Array
        (
            [0] => Array
                (
                    [id] => 36826688
                    [name] => MLS1.jpg
                    [type] => gallery
                    [category] => image
                    [url] => https://www.bostonrealestate.com/wp-content/uploads/WPL/295821/MLS1.jpg
                    [index] => 1
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:11
                    [modified] => 2024-10-07 16:14:11
                )

[1] => Array
                (
                    [id] => 36827364
                    [name] => MLS2.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=2
                    [index] => 2
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[2] => Array
                (
                    [id] => 36827365
                    [name] => MLS3.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=3
                    [index] => 3
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[3] => Array
                (
                    [id] => 36827366
                    [name] => MLS4.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=4
                    [index] => 4
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[4] => Array
                (
                    [id] => 36827367
                    [name] => MLS5.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=5
                    [index] => 5
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[5] => Array
                (
                    [id] => 36827368
                    [name] => MLS6.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=6
                    [index] => 6
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[6] => Array
                (
                    [id] => 36827369
                    [name] => MLS7.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=7
                    [index] => 7
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[7] => Array
                (
                    [id] => 36827370
                    [name] => MLS8.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=8
                    [index] => 8
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[8] => Array
                (
                    [id] => 36827371
                    [name] => MLS9.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=9
                    [index] => 9
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[9] => Array
                (
                    [id] => 36827372
                    [name] => MLS10.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=10
                    [index] => 10
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[10] => Array
                (
                    [id] => 36827373
                    [name] => MLS11.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=11
                    [index] => 11
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[11] => Array
                (
                    [id] => 36827374
                    [name] => MLS12.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73193912&w=1024&h=768&n=12
                    [index] => 12
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

)

)

EXIT