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Gloucester Apartment Complex Sold For $1.8M

Jan 27, 2015 | Reprints | Unlock Link | Print

Flume rd 2

A 15-unit apartment complex in Gloucester has been acquired for $1.8 million.

NAI Hunneman’s Carl Christie and Dan McGee represented the seller, Flume Properties LLC, and procured the buyer, Jeremy Seeger.

The building in Gloucester’s Magnolia neighborhood contains 12 one-bedroom and three studio units within walking distance to schools, restaurants and stores.

"A solid location, strong rental income and convenient location to downtown Gloucester and Manchester-by-the-Sea made this quite an attractive asset," Christie said in a statement.

Commercial