Property Description

Rare 6 unit investment property located in central Gloucester consists of three 2 Br 1 BA units and three 1 BR 1 BA unit. Property is in need of updating and renovations throughout. Separate heat, hot water and updated electric utilities. Paved parking for 3-4 cars off street with room to expand. Property is well located for commuters with T station and Rt. 128 nearby as well as short distance to downtown Gloucester. Recently installed fire alarm system. Some units have laundry hookups. Common basement area has some room for storage. 2 units TAW currently rented at $1000 mo. each, 4 units currently vacant. A great investment opportunity at $146,500 per unit!