Sold!
$500,000
7
Beds
5
Baths
3,414
Living Area
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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.
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Highlights
- Heating: Natural Gas, Electric
- Property Class: Residential Income
- Total Rooms: 17
- Status: Closed
- Parking Spots: 5
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1900
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Flooring: Wood, Vinyl, Carpet, Hardwood
- Interior Features: Living Room, Kitchen
- Roof: Shingle, Slate
- Year Built Details: Actual
- Zoning: Db
- Basement: Full, Walk-Out Access, Concrete
- Exterior Features: Rain Gutters
- Foundation: Stone, Brick/Mortar
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- 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
- Parking Features: Paved Drive, Off Street, Driveway
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $378,400
- Tax Year: 2024
- Total Rent: $24,350
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $6,356
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Berkshire Hathaway HomeServices Town and Country Real Estate.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
