Unit Information
This investment property is a turnkey, 5-unit building near downtown Fitchburg. It is comprised of four 1 bdrm apartments and one 3 bdrm apartment. This building has seen capital improvements and cost-saving measures over the years, including aluminum siding, a number of upgraded windows to a vinyl replacement, some unit renovations, partial roof replacement, foundation pointing, and electric water heater replacement. Three apartments will be conveyed vacant for a buyer toestablish their own rental income. This property is a perfect investment for someone looking for a stable building that has the ability to produce a solid return with its low operating expenses, as all tenants pay for their own 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 is sure to turn a profit for any investor.
- Additional Details
- Status: NEW
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Zip Code: 01420
- Living Levels: 9
- Parking
- Parking: Paved Drive, Off Street, Driveway
- Parking Spaces: 5
- Rooms and Dimensions
- Total Units: 5
- Total Floors: 9
- Total Rooms: 17
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$550,000
- Status: New
- Listing ID: 73309769
- Bedrooms: 7
- Full Baths: 5
- Living Area: 3,414 sqft Convert
- Lot Size: 4,399 sqft Convert
- Acres: 0.1
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |