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Expired

100-102 Main St, Gloucester MA 01930

$1,800,000

Estimated $3,796.09/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $360,000

Total Rent: 39600/year

Estimated CAP Rate: 1.62%

3 Bedrooms

4 Full, 1 Half Baths

8,069 SqFt

Total Parking: 0

2,890 SqFt

Investors/Developers! This mixed use building offers an excellent potential return and a variety of potential uses. The property is located among the busiest shops and restaurants on Main street and includes two retail stores, both currently leased, and three residential apartments. The residential units include beautiful architectural details including exposed brick, over-sized windows, tall wooden-beamed ceilings, and recessed lighting. There is a 2000+ sf single level luxury apartment on the second floor, with large granite kitchen, and two townhouse units of approx. 1350 ea utilizing the third and forth floors. The upper units include excellent harbor views and have the potential for outside decks. Historic Gloucester Harbor is just 1/10 mile from the property. Don’t miss this great opportunity.

This home has been viewed 53 times

Last Checked: May 6th, 2024 at 11:50pm (Source: MLS PIN #73009310)

Gross Income: $39,600

Gross Expenses: $10,528

Net Income Calc: $29,072

CAP Rate: 1.62%

Water Views

Beach Front

Annual Expenses for 100-102 Main St, Gloucester MA 01930

Total Gross Expenses (Calculated)$10,528/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,528.84

Annual Income & Unit Breakdown for 100-102 Main St, Gloucester MA 01930

Total Gross Income (Calculated)$39,600

Unit 1

Rental Income$1,650

LeaseY

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,650

LeaseY

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit2

HeatingNo

Rent Includes

General Information for 100-102 Main St, Gloucester MA 01930

Listing ID73009310

Property TypeMulti Family

Price$1,800,000 ($223.08/SqFt)

Style5+ Family - 5+ Units Up/down

CityGloucester

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total8,069 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking0

Garage Parking

Year Built1905

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsStone

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningCB

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), Unknown To Beach

Energy Features

Terms

Disclosures for 100-102 Main St, Gloucester MA 01930

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureGross living are per public record except that 4th

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$39,600

Total Net Income By Broker$39,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 100-102 Main St, Gloucester MA 01930

Real Estate Taxes$10,528.84

Tax Year2022

Assessed Value$897,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$39,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$39,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.62%

Location Information for 100-102 Main St, Gloucester MA 01930

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesHouse Of Worship, Shopping, Public Transportation, Marina, University

Contact Information for 100-102 Main St, Gloucester MA 01930

Agent

Name: Bethany Pratt

Office

Name: Churchill Properties

Phone: 978-572-1966

Payment Calculator

, Interest

Property Taxes 877.4

Principal & Interest 11091.03

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Churchill Properties

Bethany Pratt

Agent Phone

Office Phone

(978) 572-1966

Text Agent Call Agent Call Office

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[owner_occupancy_source] => 
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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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        )

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EXIT

Expired

100-102 Main St, Gloucester MA 01930

$1,800,000

Annual Expenses for 100-102 Main St, Gloucester MA 01930

Annual Income & Unit Breakdown for 100-102 Main St, Gloucester MA 01930

General Information for 100-102 Main St, Gloucester MA 01930

Disclosures for 100-102 Main St, Gloucester MA 01930

Financial Information for 100-102 Main St, Gloucester MA 01930

Location Information for 100-102 Main St, Gloucester MA 01930

Contact Information for 100-102 Main St, Gloucester MA 01930

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Bethany Pratt