Sold
5-7 Mt Vernon St, Fitchburg, MA
Fitchburg · MA 01420
- $500,000
- Price
- 7
- Beds
- 5
- Baths
- 3414
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
5 Units
Lot size:
4,399 Sq.Ft Lot
Price per square foot:
$161 / Sq.Ft
Parking:
5 Off Street Spaces
About this home
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.
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:
- 729 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
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 400 Amps
Exterior Features
- Lot Size
- 4,399 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 5 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 #
- 73309769
- Disclosure
- Town wants to see 8 parking spaces seller believes a lease stating tenant needs to secure parking in a local parking garage will suffice.
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