Sold
2 - 4 RIGGS ST., Gloucester, MA
Gloucester · MA 01930
- $1,050,000
- Price
- 9
- Beds
- 4
- Baths
- 3812
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
4 Units
Lot size:
3,920 Sq.Ft Lot
Price per square foot:
$261 / Sq.Ft
Parking:
No Parking
About this home
DON'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%
Neighborhood & Transit
2 - 4 RIGGS ST., Gloucester · MA 01930
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Gloucester Commuter Rail 1 route 0.39 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 1452 days
- Listing Price:
- $995,000
- Price per Sq.Ft:
- $261
- Tax Assessment:
- $583,700 in 2022
- Taxes:
- $571 / Monthly
Home Facts
Interior Features
- Bedrooms
- 9
- Full Bathrooms
- 4
- Half Bathrooms
- 0
- Living Area
- 3,812 Sq.Ft
- Broker Disclosure about Living Area
- Coin-Op Laundry in Basement
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 110 Volts, 220 Volts, Circuit Breakers, Individually Metered
Exterior Features
- Lot Size
- 3,920 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Clapboard, Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Kevin Street
- Listing office
- Keller Williams Realty Evolution
- MLS PIN #
- 73041182
- Disclosure
- Unit photos were taken at time of apartment renovations. Net Operating Income Field is incorrect and MLS PIN is working to rectify.
- Disclosure
- Coin-Op Laundry in Basement
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