124 Magnolia , Gloucester, MA 01930(Essex County)

1.26 Acres in Gloucester, MA - $889,000

UNIQUE OPPORTUNITY in beautiful Magnolia, MA, this lovely two-family home provides unique opportunities for its next owner. Sitting back off the road, on a spacious lot with a large back and side yard, this property also includes an additional 1+ acre wooded lot which is contiguous with the rear property line. The existing home may be maintained as an owner-occupied two-family, with additional rental unit subsidizing expenses; or, used as a two-family rental-income investment property; or could easily be converted into a spacious single-family residence. Sale includes an additional 1+ acre lot (114R Magnolia Ave, ID 194-78), zoned "General Industrial".