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5 Wells St, Gloucester MA 01930

$739,000

Estimated $1,755/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $246,333.33

Total Rent: 45000/year

Estimated CAP Rate:

6 Bedrooms

Baths

2985

Total Parking: 5

5,386 (0.12)

Cute three family! Welcome home to Gloucester! Located 1 block from Gloucester train station, and .05 miles to the Boulevard. Two separate buildings gives you versatile living space. Great owner occupied. Rooms are spacious and there is basement storage. Rents are below market. All tenants are at will. Unit 1, stand alone single-family brown house, has updated kitchen and cabinets. Unit 2, at street level of white house- updated kitchen, bathroom and spray foam insulation. Attic and basement storage with wraparound porch. Unit 3, has updated kitchen, private patio. Unit 3 Vacant as of March 1. All units have updated electrical and their own Laundry. All separate utilities. Off street parking for 5+ cars. Close proximity to Rt. 128 and public transportation, as well as Gloucester's famous restaurant and music scene. Could this be your someplace special?

This home has been viewed 33 times

Last Checked: May 8th, 2024 at 1:31am (Source: MLS PIN #73196214)

Gross Income: $45,000

Gross Expenses: $6,680

Net Income Calc: $38,320

Annual Expenses for 5 Wells St, Gloucester MA 01930

Total Gross Expenses (Calculated)$6,680/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6680

Annual Income & Unit Breakdown for 5 Wells St, Gloucester MA 01930

Total Gross Income (Calculated)$45,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 5 Wells St, Gloucester MA 01930

Listing ID73196214

Property TypeMulti Family / 3 Family

Price739000 ($247.57/SqFt)

Style3 Family

CityGloucester

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2985

Approximate Lot Size (Acres)0.12

Total Parking5

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR-5

Water Views

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 5 Wells St, Gloucester MA 01930

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsStacked Washer And Dryer In Unit 2 Belong To Tenants.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Compensation Based OnGross/full Sale Price

Financial Information for 5 Wells St, Gloucester MA 01930

Real Estate Taxes6680

Tax Year2024

Assessed Value$686,500

Financial Data Source

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 5 Wells St, Gloucester MA 01930

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 5 Wells St, Gloucester MA 01930

Agent

Name: Nathan Seavey

Office

Name: Leading Edge Real Estate

Phone: 978-289-5860

Payment Calculator

, Interest

Property Taxes 556.67

Principal & Interest 4553.48

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Leading Edge Real Estate

Nathan Seavey

Agent Phone

Office Phone

(978) 289-5860

Text Agent Call Agent Call Office

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    [unparsed] => 5 Wells St, Gloucester MA 01930
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EXIT

29 More Photos

Closed

5 Wells St, Gloucester MA 01930

$739,000

Annual Expenses for 5 Wells St, Gloucester MA 01930

Annual Income & Unit Breakdown for 5 Wells St, Gloucester MA 01930

General Information for 5 Wells St, Gloucester MA 01930

Disclosures for 5 Wells St, Gloucester MA 01930

Financial Information for 5 Wells St, Gloucester MA 01930

Location Information for 5 Wells St, Gloucester MA 01930

Contact Information for 5 Wells St, Gloucester MA 01930

Agent

Office

Payment Calculator

Exclusive Listing Agent

Leading Edge Real Estate

Nathan Seavey