NAI Hunneman brokered the $1.5 million sale of a 15-unit multifamily property located at 8 Flume Rd.
Executive vice president/principal Carl Christie, assisted by sales associate Dan McGee represented the seller Flume Properties LLC and procured the buyer Jeremy Seeger.
"It's rare that properties of this caliber come on the market in Gloucester's Magnolia neighborhood," said Christie. A solid location, strong rental income and convenient location to downtown and Manchester by the Sea made this quite an attractive asset."
Consisting of 12 one-bedroom and 3 studio units, 8 Flume Rd. is within walking distance to schools, the post office, banks, restaurants, and other stores. The MBTA commuter train (with access to Boston) is located 8 minutes away in Manchester.
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets.