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98 Pleasant St, Gloucester, MA 01930

$637,000

Last sold 05/20/2024 for $650K

7
bed
3
bath
2,209
Sqft ($294/Sqft)

Multi-family not for sale

About 98 Pleasant St

Property type Multi-family

Neighborhood

Year built 1900

HOA fee $0/month

Lot size 4,495 Sqft

Movoto estimate

Property description

2 family investment property located in Central Gloucester consisting of a large 8 Rm 5 BR 2 BA 2nd floor apt above a 1st floor 4 Rm 2 BR 1 BA apt. Current monthly rents total $3950 or $47,400 yearly (below market rate). Expenses for 2023 were $12,021 including re taxes. Updated utilities include 2 sep fhw by gas boilers (1 new in 2023), 2 sep gas hw heaters (2022 and 2023) and two 100 amp electric services. Low maintenance vinyl siding 10 yr and roof done in 2016. Ample paved off-street parking for 6 cars. Long term tenants of 19 and 15 years. Large fenced level yard. 2 secure storage areas in basement. Both units have letters of compliance with regard to lead paint. Property is very convenient to T commuter rail station, Shaw's plaza, Rt. 128, and downtown Gloucester shops and restaurants. FIRST SHOWINGS Sat. May 18th from 10;30 -12 by appointment only. POTENTIAL FOR CONVERSION TO 3 FAMILY. Nearby Burnham's Field playground, walking track, ball fields, and community gardens.

Listed by

Listing Agent - Lane Team

Listing Office - North Shore's Gold Coast Realty

Source: MLS Property Information Network, Inc.

MLS#73238105 • last updated 2 years ago

Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago

Overview
Heating	Baseboard, Natural Gas, Individual, Unit Control
Levels/Style	3, 3
MLS #	73238105
Type	Residential Income
Status	Closed
SubType	2 Family - 2 Units Up/Down
SqFt	2209
Lot Size (SqFt)	4495
Lot Size (Acres)	0.1
Annual Property Tax	5042
Year Built	1900

Interior
Total # of Bathrooms	3
# Full Baths	3
Total # of Bedrooms	7
Basement	Full, Interior Entry, Bulkhead, Concrete
Total # of Rooms	12
Flooring	Tile, Vinyl, Carpet, Laminate
Appliances	Range, Dishwasher, Refrigerator
Interior Features	Storage, Living Room, Kitchen, Dining Room
Door Features	Insulated Doors
Window Features	Insulated Windows

Exterior
Foundation	Brick/Mortar, Granite
Roof	Shingle
Construction	Frame
Parking Desc	Paved Drive, Off Street, Tandem, Paved
# Parking Spaces	6
Patio/ Porch	Porch
Fencing	Fenced/Enclosed, Fenced
Lot Desc	Cleared, Level

Amenities / Utilities
Sewer	Public Sewer
Electricity	220 Volts, Circuit Breakers, 100 Amp Service, Individually Metered
Water Source	Public

Location
Waterfront	Harbor, 1/2 To 1 Mile To Beach, Beach Ownership(Public)
County	Essex
Community Features	Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House Of Worship, Marina, Public School, T-Station
Zoning	R5
APN	4434131
Directions	Washington St. To Maplewood Ave. To Shepherd St. To Pleasant St.

Multifamily Details
Rent Includes	Unit 1(Water), Unit 2(Water)
Net Operating Income	35379
Operating Expense	12021
Total Actual Rent	3950
Financial Data Source	Owner
Expense: Water/ Sewer	3300
Gross Income	47400