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...
This home has been viewed 48 times
Last Checked: May 2nd, 2024 at 5:27am (Source: MLS PIN #73212483)
Gross Income: $11,820
Gross Expenses: $14,207
Net Income Calc: $2,387
CAP Rate: -0.43%
Annual Expenses for 5-7 Mt Vernon, Fitchburg MA 01420
Total Gross Expenses (Calculated)$14,207/year
APOD AvailableNo
Heating
Electricity$1,817
Water$1,534
Gas$1,534
Insurance$4,500
Sewer$1,534
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$6,356
Annual Income & Unit Breakdown for 5-7 Mt Vernon, Fitchburg MA 01420
Total Gross Income (Calculated)$11,820
Unit 1
Rental Income$985
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 2
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 3
Rental Income$0
Lease
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 4
Rental Income$0
Lease
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
General Information for 5-7 Mt Vernon, Fitchburg MA 01420
Listing ID73212483
Property TypeMulti Family
Price$550,000 ($161.1/SqFt)
Style5+ Family - 5+ Units Up/down
CityFitchburg
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total3,414 SqFt
Approximate Lot Size (Acres)0.1 acres
Total Parking3
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel
Foundation Area
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor Space
ZoningDB
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 5-7 Mt Vernon, Fitchburg MA 01420
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$7,851
Total Gross Income By Broker$29,220
Total Net Income By Broker$21,369
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.25
Facilitator Compensation1
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 5-7 Mt Vernon, Fitchburg MA 01420
Real Estate Taxes$6,356
Tax Year2024
Assessed Value$378,400
Financial Data SourceOwner
Total Gross Expenses By Broker$7,851
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$29,220
BostonRealEstate.com Gross Income
Total Net Income By Broker$21,369
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.43%
Location Information for 5-7 Mt Vernon, Fitchburg MA 01420
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Private School, University
Contact Information for 5-7 Mt Vernon, Fitchburg MA 01420