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34 Days on Jacob Realty
36
$2,990,000
Total Beds: 5 Total Baths: 5
Total Units: 4 SQFT: 3678
LOT size: 0.30 Acres
88 Rocky Neck Avenue
Gloucester, MA 01930
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Property Description

ROCKY NECK WATERFRONT FOUR FAMILY WITH COMMERCIAL DEEP WATER CHAP 91 DOCK- The dock can accommodate large fishing boats or multiple pleasure craft and extends out to the Harbor Commissioners Line. There are 4 residential units, one original and 3 newer units built in 2004. The 2004 building has (2) one bedroom units and (1) 2 bedroom init, ALL with private decks and sweeping harbor views. The original unit is located on the dock with wrap around views of Gloucester inner harbor. A parade of boats will keep you entertained along with summertime fireworks and the Parade of Sail. Rocky Neck is the oldest art colony in the country with art studios & galleries, restaurants & bars, and a multitude of water activities. It's a short distance to downtown, Niles Beach & Eastern Point Yacht Club. Bring your boat, big or small! There is potential to add multiple fingers to the dock for more dockage. (SEE REPORT) Separate utilities except for water & sewer. There is parking for 9 cars.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Amenities: Conservation Area, Golf Course, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Shopping, Walk/Jog Trails
  • Basement Features: Concrete Floor, Partial, Unfinished Basement
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Programmable Thermostat, Slider, Stone/Granite/Solid Counters
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Electric, Forced Air, Space Heater

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 40200
  • Gross Expenses: 6142
  • Water/Sewer: 1784
  • INSC: 4358
  • Net Operating Income: 34058

Utilities

  • Electric Info: 200 Amps, Circuit Breakers, Individually Metered, Underground
  • Energy Features: Insulated Doors, Insulated Windows, Prog. Thermostat
  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 2004
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame, Modular, Steel
  • Foundation Info: Other (See Remarks), Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73342225
  • Last Updated: 03/10/25
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Karen Bernier, Churchill Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-10 03:05:00