Address
85 Prospect St, Gloucester, MA
Price
$ 1,195,000
Property Attributes
- MLS#73116196
- TypeMulti-Family
- CountyESSEX
- CityGloucester
- Zip01930
- Style5-9 Family
- Year Built1900
- Taxes$ 7477
- Price$ 1,195,000
- Bedrooms7
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage3564
- Lot Size6,098 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
This 2-story six (6) unit Gable style multi family has a total rentable square footage of 3,564 with a total gross square footage of 4,600 with a unit mix of five (5) one-bedrooms and one (1) two-bedroom. The property boasts original maintained wide pine floors and sheathing from King George’s forest in New Hampshire and is stamped with hand forged nails. All units have decorative fireplaces and custom built-in cabinetry. Large backyard with porch and grass areas. At the back of the building is a large shed for storage. 85-87 Prospect offers investors the opportunity to own in downtown Gloucester while bringing undervalued rents to market through strategic renovations.
| Price History | |
|---|---|
| 5/25/2023 | Listed $1,195,000 |
General Features
| Appliances | Gas Water Heater |
|---|---|
| Basement | Partial, Bulkhead |
| Building Area Units | Square Feet |
| Buyer Agent Compensation | 2% |
| Buyer Agent Compensation Type | % |
| City | Gloucester |
| Community Features | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, T-Station |
| Compensation Based On | Net Sale Price |
| County | Essex |
| Directions | Prospect is between Pleasant and Elm |
| Electric | 220 Volts |
| Exterior Features | Balcony, Storage, Garden |
| Facilitator Compensation | not offer |
| Garage Y/N | No |
| Gross Income | 102300 |
| Home Warranty Y/N | No |
| Lot Size Square Feet | 5888 |
| Net Operating Income | 67512 |
| Operating Expense | 34788 |
| Patio/Porch Features | Porch, Deck, Patio |
| Property SubType | 5-9 Family |
| Property Type | Residential Income |
| Roof | Shingle |
| Senior Community Y/N | No |
| Sewer | Public Sewer |
| Standard Status | Active |
| Status | Active |
| Street Name | Prospect St |
| Sub-Agency Relationship Offered | No |
| Tax Annual Amount | 7477 |
| Tax Assessed Value | 706000 |
| Tax Year | 2023 |
| Total Actual Rent | 8525 |
| Total Rooms | 19 |
| Total Units | 6 |
| Waterfront Features | Beach Front, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public) |
| Waterfront Y/N | No |
| Year Built | 1900 |
| Year Built Details | Unknown/Mixed |
| Year Built Source | Public Records |
| Zoning | R-5 |
Interior Features
| Fireplace Y/N | Yes |
|---|---|
| Flooring | Hardwood, Pine |
| Full Baths | 6 |
| Total Baths | 6 |
| Total Bedrooms | 7 |
| Total Fireplaces | 6 |
| Total Stories | 7 |
Exterior Features
| Living Area | 3564 |
|---|---|
| Building Area Total | 3564 |
| Foundation Details | Stone |
| Lot Features | Other |
| Lot Size Acres | 0.14 |
| Lot Size Area | 0.14 |
| Lot Size Units | Acres |
| Open Parking Y/N | Yes |
| Parking Features | On Street |
| Road Frontage Type | Public |
| Spa | No |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01930
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information 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 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
Copyright 2023 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on
this Site comes in part from the IDX Program of PrimeMLS. The information
being provided is for consumers' personal, non-commercial use and may
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consumers may be interested in purchasing. Data last updated June 5, 2023 12:11 PM UTC
