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Closed

61-63 Spruce St, Fitchburg MA 01420

$489,900

Estimated $1,294.20/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $163,300

Total Rent: 55800/year

Estimated CAP Rate: 10.14%

8 Bedrooms

3 Full Baths

3,079 SqFt

Total Parking: 5

8,171 SqFt

OPEN HOUSE CANCELED! SELLER HAS ACCEPTED AN OFFER! Solid 3 family, investors take notice! Strong rental history! Lots of natural wood throughout the house. Hardwood in most rooms. Stone wall and new retaining wall added. Spacious enclosed yard. Parking for 5 cars with the extended driveway added. Part of roof redone Nov 2022. Exterior and decks painted 2023. Laundry available in units 1 and 2. Separately metered for gas and electric for each unit. Open concept 3rd unit with skylight. Next to park and field visible from driveway on dead end street. Close to major routes and Fitchburg State University. Ready for new owners to just collect rent.

This home has been viewed 21 times

Last Checked: May 7th, 2024 at 4:26am (Source: MLS PIN #73098159)

Gross Income: $55,800

Gross Expenses: $6,148

Net Income Calc: $49,652

CAP Rate: 10.14%

Annual Expenses for 61-63 Spruce St, Fitchburg MA 01420

Total Gross Expenses (Calculated)$6,148/year

APOD AvailableNo

Heating

Electricity$50

Water$100

Gas$100

Insurance

Sewer$100

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,998

Annual Income & Unit Breakdown for 61-63 Spruce St, Fitchburg MA 01420

Total Gross Income (Calculated)$55,800

Unit 1

Rental Income$1,600

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$1,700

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$1,350

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 61-63 Spruce St, Fitchburg MA 01420

Listing ID73098159

Property TypeMulti Family / 3 Family

Price$489,900 ($159.11/SqFt)

Style3 Family

CityFitchburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,079 SqFt

Approximate Lot Size (Acres)0.19 acres

Total Parking5

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 DescriptionStone

Accessible Features

Outdoor Space

ZoningRC

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 61-63 Spruce St, Fitchburg MA 01420

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureRoom dimensions and sq footage are approx. Buyer a

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$150

Total Gross Income By Broker$55,800

Total Net Income By Broker$54,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 61-63 Spruce St, Fitchburg MA 01420

Real Estate Taxes$5,998

Tax Year2023

Assessed Value$374,400

Financial Data SourceOwner

Total Gross Expenses By Broker$150

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$55,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$54,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)10.14%

Location Information for 61-63 Spruce St, Fitchburg MA 01420

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Tennis Court(s)

Contact Information for 61-63 Spruce St, Fitchburg MA 01420

Agent

Name: Raquel Franco

Office

Name: Capital Real Estate Group LLC

Phone: 978-235-5136

Payment Calculator

, Interest

Property Taxes 499.83

Principal & Interest 3018.61

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Capital Real Estate Group LLC

Raquel Franco

Agent Phone

Office Phone

(978) 235-5136

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[road_frontage_type] => Array
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[terms] => Array
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[uffi] => Array
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EXIT

Closed

61-63 Spruce St, Fitchburg MA 01420

$489,900

Annual Expenses for 61-63 Spruce St, Fitchburg MA 01420

Annual Income & Unit Breakdown for 61-63 Spruce St, Fitchburg MA 01420

General Information for 61-63 Spruce St, Fitchburg MA 01420

Disclosures for 61-63 Spruce St, Fitchburg MA 01420

Financial Information for 61-63 Spruce St, Fitchburg MA 01420

Location Information for 61-63 Spruce St, Fitchburg MA 01420

Contact Information for 61-63 Spruce St, Fitchburg MA 01420

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Exclusive Listing Agent

Capital Real Estate Group LLC

Raquel Franco