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Closed

17 Franklin St, Fitchburg MA 01420

$499,000

Estimated $1,254.05/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $166,333.33

Total Rent: 38400/year

Estimated CAP Rate: 6.63%

9 Bedrooms

3 Full Baths

3,894 SqFt

Total Parking: 6

8,800 SqFt

OPEN HOUSES CANCELLED OFFER ACCEPTED. Come take a look at this competitively priced oversized 3 family home within 5 minute drive to Fitchburg State University and public transit. Unit 2 is vacant and rent ready or spruce it up and rent for top dollar! Unit 3 has been completely redone with new laminate floors throughout, freshly painted, all new shaker style cabinets and Granite counter top with beautiful subway tiled backsplash. Unit 1 is currently rented to tenant at will. Unit 3 potentially empty at closing. Brand new sump been installed with strong mechanical system in basement. Motion sensor lights in common hallway to keep your energy cost low. TWO DRIVEWAYS with lots of parking. Great for owner occupied or investment!

This home has been viewed 24 times

Last Checked: May 7th, 2024 at 7:26am (Source: MLS PIN #73114776)

Gross Income: $38,400

Gross Expenses: $5,339

Net Income Calc: $33,061

CAP Rate: 6.63%

Annual Expenses for 17 Franklin St, Fitchburg MA 01420

Total Gross Expenses (Calculated)$5,339/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,339

Annual Income & Unit Breakdown for 17 Franklin St, Fitchburg MA 01420

Total Gross Income (Calculated)$38,400

Unit 1

Rental Income$1,400

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

Unit 3

Rental Income$1,800

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit3

HeatingYes

Rent Includes

General Information for 17 Franklin St, Fitchburg MA 01420

Listing ID73114776

Property TypeMulti Family / 3 Family

Price$499,000 ($128.15/SqFt)

Style3 Family

CityFitchburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,894 SqFt

Approximate Lot Size (Acres)0.2 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionGranite

Accessible Features

Outdoor Space

ZoningRC

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 17 Franklin St, Fitchburg MA 01420

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureMeasurements are approximate and need to be verifi

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$38,400

Total Net Income By Broker$38,400

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 17 Franklin St, Fitchburg MA 01420

Real Estate Taxes$5,339

Tax Year2023

Assessed Value$333,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$38,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$38,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.63%

Location Information for 17 Franklin St, Fitchburg MA 01420

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, T-station, Private School, University

Contact Information for 17 Franklin St, Fitchburg MA 01420

Agent

Name: Jay Beausoleil

Office

Name: Redfin Corp.

Phone: 617-340-7803

Payment Calculator

, Interest

Property Taxes 444.92

Principal & Interest 3074.68

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Redfin Corp.

Jay Beausoleil

Agent Phone

Office Phone

(617) 340-7803

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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[terms] => Array
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EXIT

Closed

17 Franklin St, Fitchburg MA 01420

$499,000

Annual Expenses for 17 Franklin St, Fitchburg MA 01420

Annual Income & Unit Breakdown for 17 Franklin St, Fitchburg MA 01420

General Information for 17 Franklin St, Fitchburg MA 01420

Disclosures for 17 Franklin St, Fitchburg MA 01420

Financial Information for 17 Franklin St, Fitchburg MA 01420

Location Information for 17 Franklin St, Fitchburg MA 01420

Contact Information for 17 Franklin St, Fitchburg MA 01420

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Jay Beausoleil