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Closed

5 Wallace Rd, Fitchburg MA 01420

$449,000

Estimated $1,174.88/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $149,666.67

Total Rent: 36900/year

Estimated CAP Rate: 7.02%

9 Bedrooms

3 Full Baths

3,420 SqFt

Total Parking: 6

8,258 SqFt

JUST IN TIME FOR SPRING!!! This well maintained three unit home boasts large 3 bedroom units with recent paint, updated bathrooms, pastries, hardwood floors and wrap around porches. Each unit has separate utilities paid for by the tenants and extremely desirable off street parking included. This low maintenance investment opportunity is closely located to local shopping, entertainment, parks, highways and so much more. **INVESTORS/BUYERS**PLEASE SAVE THE DATE: OPEN HOUSE FOR BOTH 3 AND 5 WALLACE WILL BE HELD SUNDAY APRIL 2ND FROM 10am-2pm. This may be the only opportunity to see all units prior to an accepted offer. Hope to see you all there!

This home has been viewed 33 times

Last Checked: May 7th, 2024 at 4:46am (Source: MLS PIN #73091033)

Gross Income: $36,900

Gross Expenses: $5,362

Net Income Calc: $31,538

CAP Rate: 7.02%

Annual Expenses for 5 Wallace Rd, Fitchburg MA 01420

Total Gross Expenses (Calculated)$5,362/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,362

Annual Income & Unit Breakdown for 5 Wallace Rd, Fitchburg MA 01420

Total Gross Income (Calculated)$36,900

Unit 1

Rental Income$1,100

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$875

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,100

Lease

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 5 Wallace Rd, Fitchburg MA 01420

Listing ID73091033

Property TypeMulti Family / 3 Family

Price$449,000 ($131.29/SqFt)

Style3 Family

CityFitchburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,420 SqFt

Approximate Lot Size (Acres)0.19 acres

Total Parking6

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningC

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 5 Wallace Rd, Fitchburg MA 01420

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureTown states this as a 6 bedroom | there are 3 bedr

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner, Projected

Total Gross Expenses By Broker$17,087

Total Gross Income By Broker$36,900

Total Net Income By Broker$19,813

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 5 Wallace Rd, Fitchburg MA 01420

Real Estate Taxes$5,362

Tax Year2023

Assessed Value$334,700

Financial Data SourceOwner, Projected

Total Gross Expenses By Broker$17,087

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$36,900

BostonRealEstate.com Gross Income

Total Net Income By Broker$19,813

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.02%

Location Information for 5 Wallace Rd, 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, University, Sidewalks

Contact Information for 5 Wallace Rd, Fitchburg MA 01420

Agent

Name: Missy Fernald

Office

Name: eXp Realty

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 446.83

Principal & Interest 2766.6

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

Missy Fernald

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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[optional_fee_includes] => Array
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[road_frontage_type] => Array
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[roof_material] => Array
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    [senior_community] => No
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[sewer_expense] => Array
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[short_sale] => 
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    [state_code] => MA
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    [tax_year] => 2023
    [team] => Array
        (
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[terms] => Array
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[timber_acres] => None
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    [trash_expense] => Array
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[uffi] => Array
        (
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[unit_1_bathrooms] => 1 Full
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[water_views_features] => Array
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    [zoning] => C
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EXIT

Closed

5 Wallace Rd, Fitchburg MA 01420

$449,000

Annual Expenses for 5 Wallace Rd, Fitchburg MA 01420

Annual Income & Unit Breakdown for 5 Wallace Rd, Fitchburg MA 01420

General Information for 5 Wallace Rd, Fitchburg MA 01420

Disclosures for 5 Wallace Rd, Fitchburg MA 01420

Financial Information for 5 Wallace Rd, Fitchburg MA 01420

Location Information for 5 Wallace Rd, Fitchburg MA 01420

Contact Information for 5 Wallace Rd, Fitchburg MA 01420

Agent

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Missy Fernald