Join Gloucester's thriving business community, or expand your current footprint! Income reflects 2 units only. Three units offered - 2 residential and 1 retail/commercial - bundled together, in advance of Condo conversion of larger mixed-use property. Established & recognizable retail tenant in place with triple net lease. One residential unit is unoccupied/unfinished space, ready for your vision and completion as 3BR/1.5 BA (1200 s/f). Desirable, high-traffiic location. LOTS of parking! Significant recent investment in property infrastructure. Address and Prospectus shared upon signing of Non-Disclosure Agreement (NDA), per Seller instruction. One residential unit currently leased through May 2026. Retail space lease through December 2026. Buyer responsible for all property verification and due diligence with faciltation by Seller Broker. Not in flood zone. Taxes reflect complete property, not just this partial bundle of 3 units (future Condos). See MLS# 73436821 or 6 Unit offering.
0000 Confidential Ave., Gloucester, MA, 01930
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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