4-UNIT RENTAL PROPERTY is the perfect addition to any investor's portfolio or just jumping in with cash flow, appreciation, and long-term value. Fully rented with updated/renovated units that include stove and refrigerators. All 4 units have separate electric, heating system...
This home has been viewed 18 times
Last Checked: May 7th, 2024 at 3:26am (Source: MLS PIN #73084050)
Gross Income: $54,000
Gross Expenses: $10,019
Net Income Calc: $43,981
CAP Rate: 8.30%
Annual Expenses for 296 Charles St, Fitchburg MA 01420
Total Gross Expenses (Calculated)$10,019/year
APOD AvailableYes
Heating$76
Electricity$284
Water$3,569
Gas$3,569
Insurance$1,616
Sewer$3,569
Trash Removal
Repair & Maintenance$273
Management
Miscellaneous
Real Estate Tax$4,201
Annual Income & Unit Breakdown for 296 Charles St, Fitchburg MA 01420
Total Gross Income (Calculated)$54,000
Unit 1
Rental Income$1,250
LeaseY
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$1,075
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 3
Rental Income$900
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 4
Rental Income$1,275
LeaseY
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
General Information for 296 Charles St, Fitchburg MA 01420
Listing ID73084050
Property TypeMulti Family / 4 Family
Price$529,900 ($178.66/SqFt)
Style4 Family
CityFitchburg
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total2,966 SqFt
Approximate Lot Size (Acres)0.13 acres
Total Parking3
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel, Corner Lot
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningRB
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 296 Charles St, 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$10,829
Total Gross Income By Broker$54,000
Total Net Income By Broker$48,182
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 296 Charles St, Fitchburg MA 01420
Real Estate Taxes$4,201
Tax Year2021
Assessed Value$220,800
Financial Data SourceOwner
Total Gross Expenses By Broker$10,829
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$54,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$48,182
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)8.30%
Location Information for 296 Charles St, Fitchburg MA 01420
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Public School, Shopping, Golf, Medical Facility, Public Transportation, T-station, Private School, University
Contact Information for 296 Charles St, Fitchburg MA 01420