Gloucester Portfolio Multi-Family FOR SALE


Gloucester, MA - North Shore
$2,400,000 USD
857-990-6802
, Gloucester, MA for Sale
$2,400,000 USD
Multi-Family - FOR SALE
1/1
null | 6.56% Cap Rate

Gloucester Portfolio
Gloucester, MA
North Shore


HIGHLIGHTS

  • 8-Unit Multifamily Portfolio
  • (1) One bedroom and (7) Two Bedroom Floorplans
  • Many Capital Improvements
  • Desirable Gloucester Location

OVERVIEW

Northeast Private Client Group is pleased to present The Millett and Maplewood Portfolio located on 38 Millett Street, 38R Millett Street, and 19 Maplewood Avenue in Gloucester, MA. This portfolio consists of three separate multi-family properties totaling (1) One and (7) Two bedroom floorplans. Owner has gut rehabbed 3 out of the 8 units with another 3 units being renovated with new flooring and countertops. A new owner has the opportunity to add value by renovating the remaining 2 units and increasing rents to market levels. Tenants enjoy coin operated laundry in 38 Millett and 19 Maplewood and off street parking at 19 Maplewood. All interested and qualified parties can tour the property during scheduled appointments and obtain additional information upon request.

ASK ABOUT THIS PROPERTY

Drew KirklandNortheast Private Client GroupMore Info
857-990-6802

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Drew KirklandNortheast Private Client GroupMore Info
857-990-6802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.