$1,195,000

This 2-story six (6) unit Gable style multi family has a total rentable square footage of 3,564 with a total gross square footage of 4,600 with a unit mix of five (5) one-bedrooms and one (1) two-bedroom. The property boasts original maintained wide pine floors and sheathing from King George’s forest in New Hampshire and is stamped with hand forged nails. All units have decorative fireplaces and custom built-in cabinetry. Large backyard with porch and grass areas. At the back of the building is a large shed for storage. 85-87 Prospect offers investors the opportunity to own in downtown Gloucester while bringing undervalued rents to market through strategic renovations.