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Listed by Hollie Strandson • Five North Realty Group, Inc.
$ 1,300,000
Est. payment | /mo
8,500 SqFt
$ 1,300,000
Est. payment | /mo
8,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $152
MLS Listing ID 4995161
Construction Status Existing
Year Built 1890
Annual Tax Amount $11,394
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Gross Rental Income $148,800 as of Nov. 1st!!! CAP RATE 8.01!!! GROUP SHOWING 10/4/2024 @ 11AM! Fantastic Opportunity to own a fully rented, 10 unit, MIXED USE building across the street from the beautiful, brand new City Hall and next door to the soon to be opening Fitchburg State Theatre! This building has 2 ground level commercial units and 8 residential units of which 4 have been renovated with fresh paint, new cabinetry, LVT flooring, and quartz countertops! All residential units are renting for $1200+/mth and commercial units are at $1000+/mth. All utilities are separated. One of the commercial units has been updated with fresh paint and LVT flooring. Room for expansion in the basement to add coin-op laundry! The rental market is hot! Consider adding this fantastic building to your portfolio!!! Group showings available! Photos of all units available upon request
Location
State MA
County Ma-worcester
Area Ma-Worcester
Zoning Downtown Fitchburg, DB
Rooms
Basement Entrance Interior
Basement Full, Stairs - Interior, Walkout
Interior
Heating Gas - Natural
Cooling None
Flooring Carpet, Softwood
Exterior
Garage Description Off Street
Utilities Available Cable - Available, Telephone Available
Roof Type Flat,Membrane
Building
Story 3
Foundation Brick
Sewer Public
Construction Status Existing
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