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173 Madison Street, Fitchburg MA 01420

$225,000

Estimated $674.59/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $112,500

Total Rent: 33600/year

Estimated CAP Rate: 13.28%

2 Bedrooms

2 Full Baths

1,482 SqFt

Total Parking: 2

3,516 SqFt

OFFERS DUE FRIDAY BY 3:00 PM.....Seller reserves the right to accept an offer prior to deadline. . ..... A little elbow grease and you'll have a great property to add to your rental portfolio or owner occupy and have rental income to help with the mortgage. The building is vacant and the rents listed are projected. The roof is new (2013) and the hot water tank was just replaced late 2022. Separate electrical meters and separate gas meters. There is chipping peeling paint on the trim boards. Gas on gas heating and one hot water tank for the building. Nice size walkout basement. Nice size fenced in yard.

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 3:55am (Source: MLS PIN #73096077)

Gross Income: $33,600

Gross Expenses: $3,717

Net Income Calc: $29,883

CAP Rate: 13.28%

Annual Expenses for 173 Madison Street, Fitchburg MA 01420

Total Gross Expenses (Calculated)$3,717/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,717

Annual Income & Unit Breakdown for 173 Madison Street, Fitchburg MA 01420

Total Gross Income (Calculated)$33,600

Unit 1

Rental Income$1,400

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(hot Water), Unit 2(hot Water)

Unit 2

Rental Income$1,400

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(hot Water), Unit 2(hot Water)

General Information for 173 Madison Street, Fitchburg MA 01420

Listing ID73096077

Property TypeMulti Family

Price$225,000 ($151.82/SqFt)

StyleMulti Family

CityFitchburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total1,482 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking2

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter,Stone

Accessible Features

Outdoor Space

ZoningRC

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 173 Madison Street, Fitchburg MA 01420

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$33,600

Total Net Income By Broker$33,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 173 Madison Street, Fitchburg MA 01420

Real Estate Taxes$3,717

Tax Year2023

Assessed Value$232,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$33,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$33,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)13.28%

Location Information for 173 Madison Street, Fitchburg MA 01420

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 173 Madison Street, Fitchburg MA 01420

Agent

Name: Maryanne Hardy

Office

Name: Foster-Healey Real Estate

Phone: 978-537-8301

Payment Calculator

, Interest

Property Taxes 309.75

Principal & Interest 1386.38

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Foster-Healey Real Estate

Maryanne Hardy

Agent Phone

Office Phone

(978) 537-8301

Text Agent Call Agent Call Office

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EXIT