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465-473 Water St, Fitchburg, MA

Fitchburg · MA 01420

$745,000
Price
13
Beds
6
Baths
6047
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1900
Units: 6 Units
Lot size: 5,899 Sq.Ft Lot
Price per square foot: $128 / Sq.Ft
Parking: 10 Off Street Spaces

About this home

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 465-473 Water Street in Fitchburg, Massachusetts (the ?Property?). The four-story building contains six residential units consisting of five (5), 2-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom unit with 6,047 square feet of living space in 9,474 square feet of gross area on a 0.14-acre parcel. Each unit is separately metered for electricity, heat, and hot water which the tenants pay directly. The Landlord is responsible for domestic water and sewer and common area electric. The in-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.Downtown Fitchburg is a densely developed, mixed use neighborhood centered around Main Street, the Nashua River and the MBTA rail station.

Neighborhood & Transit

465-473 Water St, Fitchburg · MA 01420

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
1335 days
Listing Price:
$775,000
Price per Sq.Ft:
$128
Tax Assessment:
$450,000 in 2023
Taxes:
$601 / Monthly

Home Facts

Interior Features

Bedrooms
13
Full Bathrooms
6
Half Bathrooms
0
Living Area
6,047 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
6047
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
5,899 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
10 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Ryan Benton
Listing office
Horvath & Tremblay
MLS PIN #
73086393