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25-27 Lawrence St, Fitchburg MA 01420

$489,900

Estimated $1,257.45/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $163,300

Total Rent: 60000/year

Estimated CAP Rate: 11.11%

7 Bedrooms

3 Full Baths

3,728 SqFt

Total Parking: 13 (3 Garage)

8,778 SqFt

Well maintained 3 Family ready for an investor or an owner-occupied buyer. The 3rd floor/ 1 BDM apartment is vacant and has been recently renovated with new flooring, kitchen, and paint. All three apartments are separately metered, and the tenants pay for their heat, electricity, and hot water. Separate common electric meter. There is a detached- 3 Car Garage that can be used by the tenants or rented out for additional income. The 1st and 2nd floor has spacious 3-BDM apartments with eat-in kitchens, wood floors, fireplaces and ample space. The hip roof was replaced in 2022 and the front hallway was updated in 2023. Plenty of off-street parking.

This home has been viewed 44 times

Last Checked: May 7th, 2024 at 8:11am (Source: MLS PIN #73105136)

Gross Income: $60,000

Gross Expenses: $5,557

Net Income Calc: $54,443

CAP Rate: 11.11%

Annual Expenses for 25-27 Lawrence St, Fitchburg MA 01420

Total Gross Expenses (Calculated)$5,557/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,557

Annual Income & Unit Breakdown for 25-27 Lawrence St, Fitchburg MA 01420

Total Gross Income (Calculated)$60,000

Unit 1

Rental Income$2,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$2,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

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

Unit 3

Rental Income$1,000

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

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

General Information for 25-27 Lawrence St, Fitchburg MA 01420

Listing ID73105136

Property TypeMulti Family / 3 Family

Price$489,900 ($131.41/SqFt)

Style3 Family

CityFitchburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,728 SqFt

Approximate Lot Size (Acres)0.2 acres

Total Parking13 (3 Garage)

Garage Parking3 / Detached

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 DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRC

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 25-27 Lawrence St, 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$60,000

Total Net Income By Broker$60,000

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 25-27 Lawrence St, Fitchburg MA 01420

Real Estate Taxes$5,557

Tax Year2023

Assessed Value$346,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$60,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$60,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)11.11%

Location Information for 25-27 Lawrence St, Fitchburg MA 01420

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Shopping, Medical Facility, Laundromat, Public Transportation, T-station

Contact Information for 25-27 Lawrence St, Fitchburg MA 01420

Agent

Name: Matthew Straight

Office

Name: Coldwell Banker Realty - Leominster

Phone: 978-840-4014

Team Members

Name: Thea Houghton

Phone: 978-833-7151

Payment Calculator

, Interest

Property Taxes 463.08

Principal & Interest 3018.61

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Leominster

Matthew Straight

Agent Phone

Office Phone

(978) 840-4014

Text Agent Call Agent Call Office

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[terms] => Array
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EXIT

Closed

25-27 Lawrence St, Fitchburg MA 01420

$489,900

Annual Expenses for 25-27 Lawrence St, Fitchburg MA 01420

Annual Income & Unit Breakdown for 25-27 Lawrence St, Fitchburg MA 01420

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Financial Information for 25-27 Lawrence St, Fitchburg MA 01420

Location Information for 25-27 Lawrence St, Fitchburg MA 01420

Contact Information for 25-27 Lawrence St, Fitchburg MA 01420

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Coldwell Banker Realty - Leominster

Matthew Straight