5-7 Mt. Vernon Save Request In-Person Tour Request Virtual Tour
Fitchburg,MA 01420
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,414 sqft
Price per Sqft $161
MLS Listing ID 73309769
Bedrooms 7
Full Baths 5
Year Built 1900
Annual Tax Amount $6,356
Tax Year 2024
Lot Size 4,356 Sqft
Property Description
This investment property is a turnkey, 5-unit building near downtown Fitchburg. It is comprised of four one-bedroom apartments and one three-bedroom apartments. This building has seen capital improvements and cost-saving measures, including aluminum siding, several upgraded windows to a vinyl replacement, some unit renovations, partial roof replacement, foundation pointing, and electric water heater replacement. Two apartments will be conveyed vacant for a buyer to establish their rental income. This property is a perfect investment for someone looking for a stable building that can produce a solid return with its low operating expenses, as all tenants pay for their heat and electricity. An estimated proforma shows the ability to gross $66,000 in 2024. With the proper rental income and additional building improvements, this property will surely turn a profit for any investor.
Location
State MA
County Worcester
Zoning DB
Interior
Heating Natural Gas,Electric
Flooring Wood,Vinyl,Carpet,Hardwood
Exterior
Exterior Feature Rain Gutters
Community Features Public Transportation,Shopping,Pool,Tennis Court(s),Park,Walk/Jog Trails,Golf,Medical Facility,Laundromat,Bike Path,Highway Access,House of Worship,Private School,Public School,University
Utilities Available for Gas Range
Waterfront false
Roof Type Shingle,Slate
Building
Story 9
Foundation Stone,Brick/Mortar
Sewer Public Sewer
Water Public
Others
Acceptable Financing Contract
Listing Terms Contract