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222 Eastern Ave
Gloucester, MA. 01930-1810


MLS # 72352755 - Active
Multi-Family 5-9 Family    

List Price $1,125,000 Days on Market  
List Date   # Units 11
Sale Price   # Floors  
Sold Date   Rooms 13
Assessed Value $476,100 Bedrooms 3
Gross Living Area 4,167SF Full Baths 2
Lot Size 23,873SF Half Baths 2
Taxes $6,155.97 Fireplaces  
Tax Year 2018 Basement Yes
Zoning GI Waterfront No
Est. Street Front 140 ft. Beach Nearby Yes
Year Built 1890 Parking Spaces 23
    Garage Spaces 0
Remarks:
Investors! Entrepreneurs! Inventors! Artists! This mixed use commercial/business property is ideal for creative thinkers in all types of work, wellness practitioners or co work space. Very attractive three bedroom, two bath apartment could be owner occupied or, could be used by an on site manager as living space. Ten separate office rooms supported by storage space and two half baths currently accommodate up to thirty separate practitioners. The property is located within a General Industrial Zoning District and, just to name a few, allows for offices, a day care center, a trade school. Think of the possibilities! Set on over a half acre of land, with Greenbelt owning land to the rear and side, this property has many possibilities. Currently earning $65,000 in rental income and with potential for earning an additional $20,000 from the three bedroom grandfathered apartment, the property is not only a good investment, it can be home to a creative spirit.
Features
Amenities   Public
   Transportation, Highway
   Access
Basement   Partial,
   Interior Access
Beach   1 to 2 Mile mi.,
   Ocean (Public)
Construction   Frame
Electricity   220 Volts,
   Circuit Breakers, 200
   Amps
Energy   Insulated
   Windows, Insulated Doors
Exterior   Clapboard,
   Wood
Exterior Feat.   Porch,
   Gutters
Flooring   Wood, Wall to
   Wall Carpet
Foundation   Granite
Foundation Size   mixed
Hot Water   Tankless
Lead Paint   Unknown
Lot   Paved Drive
Parking   Off-Street,
   Guest, Paved Driveway
Road   Public, Paved,
   Publicly Maint.
Roof   Asphalt/Fiberglass
   Shingles
Sewer / Water   Private
   Sewerage, City/Town Water
Utility Connections   for
   Gas Range
Warranty   No
Units
Unit 1 Appliances: Range, Dishwasher, Refrigerator; Bedrooms: 3; Floor: 2; Fireplaces: 1; Full Baths: 2;
     Heating: Hot Water Baseboard, Oil; Interior: Ceiling Fans, Cable TV Available, Fireplace - Wood
     burning, Hardwood Floors, Jacuzzi/Whirlpool Soaking Tub, Upgraded Countertops, Bathroom with
     Shower Stall, Bathroom With Tub & Shower, Open Floor Plan; Lease: No; Levels: 2; Rooms: 9; Rooms
     Desc.: Living Room, Dining Room, Kitchen, Laundry, Office/Den
Unit 2 Floor: 1; Half Baths: 1; Lease: Yes; Levels: 1; Rooms: 1
Unit 3 Floor: 1; Lease: Yes; Levels: 1; Rooms: 1
Unit 4 Floor: 1; Levels: 1; Rooms: 1
Financial Info
Electricity   $1,800
Expenses Source   Owner
   Provided
Expenses Year End   12/17
Gas   $238
Gross Expenses   $15,000
Gross Oper. Income  
   $65,000
Heat   $2,400
Insurance   $3,657
Misc.   $1,053
Water   $817
Additional Information
APOD Available?   Yes
Adult Community   No
Deed   Book: 28158, Page:
   581
Disclosures   Call for
   appointment. May be shown
   Mondays after 5:00 pm,
   Thursdays after 5 pm,
   Saturdays between 9 & 11
   am
Foreclosure   No
GLA Source   Public Record
Identifier   Map: 264,
   Lot: 25
Parcel #   M:0264 B:0025
   L:0000
Schools   Grade School:
   East Gloucester, Middle
   School: O'Maley, High
   School: GHS
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.  
   Approximate
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 7/6/18 2:39pm

Courtesy: MLSPIN

Contact agent for more information about this listing
Listing Office: RE/MAX Advantage Real Estate Listing Agent: Ruth Pino


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