Brought to you by: Deb Lovelace - RE/MAX
Phone: (978) 879-7356 Fax: (978) 865-1162
Website: www.thelovelaceteam.com
Email: dlovelace@thelovelaceteam.com
 

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1 Holly St
Gloucester, MA. 01930

Essex County
Directions: Rt 128 Traffic Circle Left Onto Rt 127 North Holly St To The Willow
Rest

MLS # 71613436 - Canceled
Multi-Family 5-9 Family   Red

List Price $997,000 Days on Market  
List Date   # Units 7
Sale Price   # Floors  
Sold Date   Rooms 18
Assessed Value $545,400 Bedrooms 8
Gross Living Area 8,046SF Full Baths 6
Lot Size 24,810SF Half Baths 2
Taxes $6,882.95 Fireplaces  
Tax Year 2013 Basement No
Zoning B3 Waterfront No
Est. Street Front   Beach Nearby Yes
Year Built 1930 Parking Spaces 4
    Garage Spaces 0
Remarks:
Opportunity Knocks? An Iconic Land Mark "The Willow Rest" is the perfect entrepreneurial investment. Mixed use building with 4 Residential apartments of which 3 are currently rented. The 4-bedroom, 3 full bath Townhouse could be rented or used by an owner occupant. There are 4 retail spaces which include the Riverdale Post Office, a successful retail/grocer, 2 gas pumps, and a commercial garage. The post office and retail/grocer have leases. This is a high traffic area that could support several different business opportunities. The "Willow Rest" is an established neighbood Icon located close to the Rt. 128 Connector and Annisquam Village. Post Office pays $1400/mo. Great Investment Opportunity!
Features
Amenities   Public
   Transportation,
   Shopping, Walk/Jog
   Trails, Conservation
   Area, House of Worship
Construction   Frame,
   Brick
Energy   Insulated Windows
Exterior   Clapboard,
   Wood, Stone, Varies per
   Unit
Flooring   Wood, Wall to
   Wall Carpet
Foundation   Granite,
   Slab
Foundation Size   36 x
   100
Hot Water   Propane Gas
Lead Paint   Certified
   Treated, Unknown
Lot   Corner, Paved
   Drive, Underground
   Storage Tank,
   Fenced/Enclosed,
   Sloping, Scenic View(s)
Parking   Off-Street
Road   Public
Roof   Asphalt/Fiberglass
   Shingles
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections  
   Varies per Unit
Units
Unit 1 Appliances: Range, Refrigerator; Bedrooms: 1; Cooling: Wall AC; Floor: 1; Full Baths: 1; Heating:
     Forced Air, Wall Unit, Propane; Interior: Cable TV Available, High Speed Internet Hookup,
     Bathroom With Tub & Shower; Lease: No; Rent: 800; Rent Includes: Water; Rooms: 3
Unit 2 Appliances: Range, Refrigerator; Bedrooms: 1; Cooling: Wall AC; Floor: 1; Full Baths: 1; Heating:
     Forced Air, Wall Unit, Propane; Interior: Cable TV Available, High Speed Internet Hookup,
     Bathroom With Tub & Shower; Lease: No; Levels: 1; Rent: 800; Rent Includes: Water; Rooms: 3; Rooms
     Desc.: Kitchen, Living RM/Dining RM Combo
Unit 3 Appliances: Range, Refrigerator; Bedrooms: 2; Cooling: Wall AC; Floor: 1; Full Baths: 1; Heating:
     Forced Air, Wall Unit, Propane; Interior: Cable TV Available, High Speed Internet Hookup,
     Bathroom With Tub & Shower; Lease: No; Levels: 1; Rent: 800; Rent Includes: Water; Rooms: 4; Rooms
     Desc.: Living Room, Kitchen, Office/Den
Unit 4 Appliances: Range, Dishwasher, Microwave, Refrigerator, Vent Hood; Bedrooms: 4; Cooling: Wall
     AC; Floor: 2; Full Baths: 2; Half Baths: 1; Heating: Hot Water Baseboard, Oil; Interior: Cable TV
     Available, Lead Certification Available, Stone/Granite/Solid Counters, Hardwood Floors, Country
     Kitchen, Open Floor Plan; Levels: 2; Rent: 2000; Rooms: 7; Rooms Desc.: Living Room, Dining Room,
     Kitchen, Office/Den, Other (See Remarks)
Financial Info
Expenses Source  
   Accountant Provided
Expenses Year End   12/12
Gross Expenses   $28,000
Gross Oper. Income  
   $93,000
Net Oper. Income   $65,000
Additional Information
APOD Available?   Yes
Anticipated Sale Date  
   06/20/2014
Deed   Book: 22934, Page:
   368
Disclosures   Residental
   and Commercial square
   footage not verified
Foreclosure   No
GLA Source   Public Record
Living Area Disclosures  
   Mixed Use Property
Off Market Date   3/27/14
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.   Actual
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 6/19/14 7:24pm

Courtesy: MLSPIN

Listing Office: RE/MAX Advantage Real Estate Listing Agent: Debra L. Lovelace


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