Deborah Purcell
Coldwell Banker Realty - Manchester
(978) 969-4505
5 Total Sales
1 in Central Gloucester
$420,000 Price
2 - 4 Riggs St Gloucester, MA 01930
Central Gloucester Neighborhood
9
Beds
4
Baths
3,812
Sq Ft
3,920
Sq Ft Lot
Highlights
- Marina
- Deck
- Wood Flooring
- Medical Services
- Property is near public transit and schools
- Porch
About This Home
As of November 2022DON'T WAIT on this Investor / Owner Occupied Opportunity! Completely renovated 4 Unit apartment building just off of the "Boulevard". 4 Meticulously renovated units that are occupied with Tenant at Will Agreements. All separately metered with updated electric and gas make this a manageable cash flow opportunity. Boilers were replaced in 2011. Water tanks have also been replaced / Units 1 & 4 in 2021, hot water tank for coin-op washer replaced in 2020. Each unit features a newer kitchen including cabinets and appliances, modern renovated baths, refinished wood floors. The list of improvements is endless: a Coin - Op washer dryer in the basement / 2021, back rubber roof replaced in 2021, Mansard shingles replaced in 2013, electric from the street and 5 electric panels in 2011, windows replaced in 2011 and 2012, both front cement stairs and left retaining wall replaced in 2020, commercial gutters and plastic fascia boards all new in 2021. Cash Flow and NOI on request. Cap Rate of 6.53%
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,847
Year Built
- Built in 1900 | Remodeled
Lot Details
- 3,920 Sq Ft Lot
- Irregular Lot
Parking
- Open Parking
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
- Rubber Roof
- Marble or Granite Building Materials
Interior Spaces
- 3,812 Sq Ft Home
- Insulated Windows
- Dishwasher
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Deck
- Porch
Location
- Property is near public transit and schools
Utilities
- No Cooling
- 4 Heating Zones
- Heating Available
- Separate Meters
- 220 Volts
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $6,875
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Tax Lot 47
Community Details
Overview
- 4 Units
- Property has 2 Levels
Amenities
- Medical Services
- Shops
Recreation
- Marina
- Park
Building Details
- Net Operating Income $82,500
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central Gloucester, MA
-
Deborah Purcell
-
Caroline Morson
Caroline Morson
Compass
(781) 209-6953
41 Total Sales
1 in Central Gloucester
$610,000 Price
-
Wendy Willis
Wendy Willis
Keller Williams Realty Evolution
(978) 997-7748
113 Total Sales
1 in Central Gloucester
$800,000 Price
-
Kevin Gettings
Kevin Gettings
Keller Williams Gateway Realty/Salem
(877) 719-5307
50 Total Sales
2 in Central Gloucester
$375K - $689K Price Range
-
Margaret Belmonte
Margaret Belmonte
Leading Edge Real Estate
(351) 208-9854
40 Total Sales
1 in Central Gloucester
$500,000 Price
-
Assunta Palomba
Assunta Palomba
Mango Realty, Inc.
(857) 305-4635
57 Total Sales
1 in Central Gloucester
$415,000 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2022 11/10/22 | Sold | $1,050,000 | +5.5% | $275 / Sq Ft |
| 09/29/2022 09/29/22 | Pending | -- | -- | -- |
| 09/27/2022 09/27/22 | For Sale | $995,000 | -- | $261 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
Kevin Street
Seller's Agent in 2022
Kevin Street
Keller Williams Realty Evolution
(978) 375-6246
1 in this area
17 Total Sales
-
Fred Newton
Buyer's Agent in 2022
Fred Newton
Sovereign Realty Advisors, LLC
(978) 865-3148
2 in this area
8 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73041182
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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