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465-473 Water St, Fitchburg MA 01420

$775,000

Estimated $1,857/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $129,166.67

Total Rent: 62160/year

Estimated CAP Rate:

13 Bedrooms

Baths

6047

Total Parking: 10

5,899 (0.14)

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 465-473 Water Street in Fitchburg, Massachusetts (the “Property”). The four-story building contains six residential units consisting of five (5), 2-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom unit with 6,047 square feet of living space in 9,474 square feet of gross area on a 0.14-acre parcel. Each unit is separately metered for electricity, heat, and hot water which the tenants pay directly. The Landlord is responsible for domestic water and sewer and common area electric. The in-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.Downtown Fitchburg is a densely developed, mixed use neighborhood centered around Main Street, the Nashua River and the MBTA rail station.

This home has been viewed 41 times

Last Checked: May 7th, 2024 at 8:16am (Source: MLS PIN #73086393)

Gross Income: $62,160

Gross Expenses: $17,024

Net Income Calc: $45,136

Annual Expenses for 465-473 Water St, Fitchburg MA 01420

Total Gross Expenses (Calculated)$17,024/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7209

Annual Income & Unit Breakdown for 465-473 Water St, Fitchburg MA 01420

Total Gross Income (Calculated)$62,160

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 465-473 Water St, Fitchburg MA 01420

Listing ID73086393

Property TypeMulti Family / 5+ Family

Price775000 ($128.16/SqFt)

Style5-9 Family

CityFitchburg

CountyWorcester

Neighborhood(s)

Approximate Living Area Total6047

Approximate Lot Size (Acres)0.14

Total Parking10

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningNB

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 465-473 Water St, Fitchburg MA 01420

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Appliances To Remain.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation0

Compensation Based OnGross/full Sale Price

Financial Information for 465-473 Water St, Fitchburg MA 01420

Real Estate Taxes7209

Tax Year2023

Assessed Value$450,000

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 465-473 Water St, Fitchburg MA 01420

Neighborhood(s)

Area Amenities

Contact Information for 465-473 Water St, Fitchburg MA 01420

Agent

Name: Ryan Benton

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 600.75

Principal & Interest 4775.3

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Ryan Benton

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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EXIT

9 More Photos

Closed

465-473 Water St, Fitchburg MA 01420

$775,000

Annual Expenses for 465-473 Water St, Fitchburg MA 01420

Annual Income & Unit Breakdown for 465-473 Water St, Fitchburg MA 01420

General Information for 465-473 Water St, Fitchburg MA 01420

Disclosures for 465-473 Water St, Fitchburg MA 01420

Financial Information for 465-473 Water St, Fitchburg MA 01420

Location Information for 465-473 Water St, Fitchburg MA 01420

Contact Information for 465-473 Water St, Fitchburg MA 01420

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Ryan Benton