Explore the investment potential of 995 Oak Hill Road, a prime multifamily property poised for significant rental income. Overlooking the scenic 10th and 11th holes at Oak Hill Country Club, this unique estate features a 3,700+ sq ft main house, a private 1,000+ sq ft cottage, and a spacious barn/studio. The main house merges historic charm with modern amenities and includes a luxurious primary suite with a private roof deck. The separate cottage provides a cozy, income-producing retreat. Additionally, the barn offers a versatile 2-story space, ideal for business uses or creative endeavors, with additional potential income. With its grand views of one of Central Massachusetts' most beautiful landscapes, 995 Oak Hill Road offers a flexible property design, making it an attractive option for investors seeking a blend of residential and entrepreneurial opportunities in a prestigious setting.
This home has been viewed 98 times
Last Checked: October 7th, 2024 at 4:49pm (Source: MLS PIN #73221815)
Gross Income: $69,600
Gross Expenses: $13,166
Net Income Calc: $56,434
Water Views
Annual Expenses for 995 Oak Hill Road, Fitchburg MA 01420
Total Gross Expenses (Calculated)$13,166/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax13166
Annual Income & Unit Breakdown for 995 Oak Hill Road, Fitchburg MA 01420
Total Gross Income (Calculated)$69,600
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms2 Full, 1 Half
Floor1
Levels in Unit2
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
General Information for 995 Oak Hill Road, Fitchburg MA 01420
Listing ID73221815
Property TypeMulti Family
Price974900 ($202.56/SqFt)
StyleMulti Family
CityFitchburg
CountyWorcester
Neighborhood(s)
Approximate Living Area Total4813
Approximate Lot Size (Acres)1.51
Total Parking24 (4 Garage)
Garage Parking4
Year Built1991
Year Built SourcePublic Records
Year Built DetailsRenovated Since,Unknown/Mixed
WaterPublic
SewerPrivate Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningRR
Water ViewsNo
Water Views FeaturesBay
Waterfront FeaturesRiver
Terms
Disclosures for 995 Oak Hill Road, Fitchburg MA 01420
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsNelson Pendant Lamp In Third Floor Bedroom/Office.
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)Lender Owned
Buyer Agent Compensation2
Facilitator Compensation2
Compensation Based OnNet Sale Price
Financial Information for 995 Oak Hill Road, Fitchburg MA 01420
Real Estate Taxes13166
Tax Year2024
Assessed Value$889,000
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 995 Oak Hill Road, Fitchburg MA 01420
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 995 Oak Hill Road, Fitchburg MA 01420