Off Market
5-7 Mt Vernon St, Fitchburg, MA
Fitchburg · MA 01420
- $550,000
- Price
- 7
- Beds
- 5
- Baths
- 3414
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
5 Units
Lot size:
4,356 Sq.Ft Lot
Price per square foot:
$161 / Sq.Ft
Parking:
3 Off Street Spaces
About this home
Currently, it's not a drive-by! 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 to establish 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 this property is sure to turn a profit for any investor.
Neighborhood & Transit
5-7 Mt Vernon St, Fitchburg · MA 01420
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Fitchburg Commuter Rail 1 route 0.27 mi
- Fitchburg Line
Price Insight
- Days on Market:
- 965 days
- Listing Price:
- $550,000
- Price per Sq.Ft:
- $161
- Tax Assessment:
- $378,400 in 2024
- Taxes:
- $530 / Monthly
Home Facts
Interior Features
- Bedrooms
- 7
- Full Bathrooms
- 5
- Half Bathrooms
- 0
- Living Area
- 3,414 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 3414
- Flooring
- Unknown
- Lead paint
- Yes
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 400 Amps
Exterior Features
- Lot Size
- 4,356 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 3 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Aluminum
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Michelle Peterson
- Listing office
- Elm Grove Realty, LLC
- MLS PIN #
- 73212483
- Disclosure
- The seller will be painting the soffit just below the mansard, the facia just above the mansard, all dormers on the third level, and the hallways. The seller will also be painting one of the one-bedroom apartments prior to closing. The attached proforma is an estimate if all units are rented in 2024
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