Sold
Property Description
If you think you missed your opportunity to purchase this income producing property, well now is your chance. If you are looking for an investment or 1031 exchange then look no further than this multi-family property close to the ocean. One block from Stacey Boulevard and Gloucester’s outer harbor and the famous Greasy pole, this property is located in close proximity to downtown and all the excitement this seacoast city has to offer. Per city of Gloucester records, this is a 4 to 8 unit building, but it is currently being utilized as a 5 unit building. Come explore the potential of this ideally located, income-producing property.
Location
MA
Essex
Gloucester
01930
7
Riggs
Western Ave. to Middle St. to Riggs St.
W71° 19′ 53.3”
N42° 36′ 41.5”
7 Riggs, Gloucester MA 01930
7
School Information
Community Information
: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House Of Worship, Public School, T-station, Tennis Court(s), Marina, Laundromat
1
Additional Information
N
Unknown
Basement unfinished. Apartment D is plumbed for ad
Personal Property
Systems and Appliances
: Unit 1(gas)
: Unit 2(range, Refrigerator), Oil Water Heater
: Laundry Room, Unit 1(washer & Dryer Hookup)
: Public Sewer
Home owner association information
5
Zoning/Tax Information
$8,030
2021
R-5
0383
25698
$640,100
Building Information
$121,730
4,066 Sqft
Public Records
: Public
9
: Public
No
Paved
No
No
Living Space
$5,000
Features
: Full, Concrete, Unfinished
: Porch
: 3
: Off Street
No
: Unit 1 Rooms(living Room, Kitchen), Unit 2 Rooms(living Room, Unit 3 Rooms(living Room, Unit 4 Rooms(living Room
: Gentle Sloping
: Shingle
: Beach Front, Ocean, Beach Ownership(public), 0 To 1/10 Mile To Beach
Listing Agent/Office
Coldwell Banker Realty – Manchester
Hope Watt-Bucci
AN6220
C0003229
1323
7 Riggs, Gloucester MA 01930 – 5+ Family – 5+ Units Up/down For Sale
7 Riggs, Gloucester, Massachusetts 01930
11 Bedrooms
6 Full Bathrooms
4,066 Sqft
$1,525,000
Listing ID #72815719
Basic Details
Sold Price : $1,470,000
Price : $1,525,000
Original List Price : $1,575,000
Property Type : 5+ Family – 5+ Units Up/down
Listing Type : For Sale
Buyer Agency Compensation : 2.0
Listing ID : 72815719
Listing Category : Multi-family
Listing Status : Sold
Listing Sub-Status : Sold
Days on Market : 382
Bedrooms : 11
Total Bathrooms : 6.5
Full Bathrooms : 6
Half Bathrooms : 1
Total Rooms : 21
Living Area : 4,066 Sqft
Year Built : 1904
Lot Size : 0.10 Sqft
Rent Includes : Unit 1(hot Water), Unit 3(hot Water), Unit 4(hot Water), Unit 2(hot Water)
List Date : 04/15/2021 07:06 PM
PurchaseContractDate : 06/16/2021
Off Market Date : 06/29/2021
CloseDate : 08/31/2021
Last Status updated: : 08/31/2021 10:15 AM
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Agent info
Douglas Elliman
20 Park Plaza, Boston MA
Contact Agent