Gloucester, MA 01930 7 Oak Street
$859,000
32 more
Presented By: Jill Michaud with Gibson Sotheby's International Realty.
Beds • 8
Baths • 3
SQFT • 2,802
Home Details
A fantastic opportunity for both owner-occupants and investors to acquire a well located 3-family property in Gloucester. Unit 1&2 each with three bedrooms, 1 bath, a living room, kitchen, and in-unit laundry. Unit 3 featuring 2 bedrooms, a kitchen, and a living room. Recent updates include heating systems, water heaters, and rubber roof. The common basement has been updated and offers ample storage space. Additionally, the property includes a driveway with 4 parking spots and off-street parking. Current rents are below market value, providing potential for increased rental income. Located near downtown Gloucester, you'll have easy access to restaurants, shops, the waterfront and commuter routes. This property presents a great investment or owner-occupancy opportunity in a desirable area of Gloucester.
Presented By: Jill Michaud with Gibson Sotheby's International Realty.
Interior Features for 7 Oak Street
Bedrooms
Total Bedrooms8
Bathrooms
Half Baths0
Total Baths3
Other Interior Features
BasementFull, Interior Entry, Bulkhead, Concrete, Unfinished
Fireplace Y/NNo
FlooringHardwood
Heating Y/NYes
Laundry FeaturesWasher & Dryer Hookup
Total Fireplaces
Total Stories6
Window FeaturesSkylight(s)
General for 7 Oak Street
AppliancesRange, Refrigerator, Dishwasher
Building Area UnitsSquare Feet
CityGloucester
ContingencyFinancing
CountyEssex
DirectionsProspect Street to Mt. Vernon then to Oak Street. Oak Street is a one way.
ElectricCircuit Breakers
ExclusionsWashing Machines Dryers Belong To Tenants.
Full Baths3
Garage Spaces
Garage Y/NNo
Gross Income57600
HeatingHot Water, Natural Gas, Baseboard, Electric
High SchoolGloucester
Home Warranty Y/NNo
Interior FeaturesBathroom With Tub & Shower, Storage, Living Room, Kitchen, Sunroom
Lot Size Square Feet0.07
Lot Size UnitsAcres
Middle/Junior High SchoolO'maley
Net Operating Income57600
NumberOfUnitsTotal3
Patio/Porch FeaturesDeck - Wood
Property SubType3 Family
Property TypeResidential Income
Rent IncludesUnit 1(Water), Unit 2(Water), Unit 3(Water)
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount5693
Tax Assessed Value585100
Tax Year2024
Total Actual Rent4800
Total Rooms14
Waterfront FeaturesBeach Front, Beach Ownership(Public)
Waterfront Y/NNo
Year Built1900
Year Built DetailsApproximate
Year Built SourcePublic Records
ZoningR-5
Exterior for 7 Oak Street
Building Area Total2802
Covered Spaces
Foundation DetailsGranite
Lot Size Acres
Lot Size Area
Open Parking Y/NYes
Parking FeaturesPaved Drive, Off Street
Road Surface TypePaved
SpaNo
Total Parking4
Water SourcePublic
Additional Details
Price History
Schools
High School
Gloucester High School
Middle School
O'Maley Middle School
Elementary School
N/A
Sarah Holick
Associate Broker