2 family investment property located in Central Gloucester consisting of a large 8 Rm 5 BR 2 BA 2nd floor apt above a 1st floor 4 Rm 2 BR 1 BA apt. Current monthly rents total $3950 or $47,400 yearly (below market rate). Expenses for 2023 were $12,021 including re taxes. Updated utilities include 2 sep fhw by gas boilers (1 new in 2023), 2 sep gas hw heaters (2022 and 2023) and two 100 amp electric services. Low maintenance vinyl siding 10 yr and roof done in 2016. Ample paved off-street parking for 6 cars. Long term tenants of 19 and 15 years. Large fenced level yard. 2 secure storage areas in basement. Both units have letters of compliance with regard to lead paint. Property is very convenient to T commuter rail station, Shaw's plaza, Rt. 128, and downtown Gloucester shops and restaurants. FIRST SHOWINGS Sat. May 18th from 10;30 -12 by appointment only. POTENTIAL FOR CONVERSION TO 3 FAMILY. Nearby Burnham's Field playground, walking track, ball fields, and community gardens.