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Closed

23 Chester, Fitchburg MA 01420

$380,000

Estimated $976.59/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $190,000

Total Rent: 14400/year

Estimated CAP Rate: 2.65%

7 Bedrooms

3 Full Baths

2,112 SqFt

Total Parking: 6

3,500 SqFt

INVESTMENT OPPORTUNITY IS KNOCKING! This newly renovated 2 family home is awaiting its new owner. This property features a total of 12 Rooms, 3 Bathrooms, 7 spacious Bedrooms, brand new flooring and cabinets, plenty of parking, and a partially finished basement with the potential to be converted into a 3rd unit, as it features 2 bedrooms and a bathroom. This property is perfect for anyone looking for an owner-occupied investment. 2nd Unit is tenant at will who currently pays $1,200 in rent. High return on investment. This 2-family is conveniently located near downtown Fitchburg and John Fitch Highway that features great restaurants and shopping plazas.

This home has been viewed 23 times

Last Checked: May 7th, 2024 at 8:55am (Source: MLS PIN #73107579)

Gross Income: $14,400

Gross Expenses: $4,325

Net Income Calc: $10,075

CAP Rate: 2.65%

Annual Expenses for 23 Chester, Fitchburg MA 01420

Total Gross Expenses (Calculated)$4,325/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,325

Annual Income & Unit Breakdown for 23 Chester, Fitchburg MA 01420

Total Gross Income (Calculated)$14,400

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 23 Chester, Fitchburg MA 01420

Listing ID73107579

Property TypeMulti Family / 2 Family

Price$380,000 ($179.92/SqFt)

Style2 Family - 2 Units Up/down

CityFitchburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,112 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking6

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRC

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 23 Chester, 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$14,400

Total Net Income By Broker$14,400

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 23 Chester, Fitchburg MA 01420

Real Estate Taxes$4,325

Tax Year2023

Assessed Value$270,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$14,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$14,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.65%

Location Information for 23 Chester, 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, Park, Medical Facility, Public Transportation, T-station, University

Contact Information for 23 Chester, Fitchburg MA 01420

Agent

Name: Gloribel Ramos

Office

Name: Cedar Wood Realty Group

Phone: 508-283-7979

Payment Calculator

, Interest

Property Taxes 360.42

Principal & Interest 2341.44

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cedar Wood Realty Group

Gloribel Ramos

Agent Phone

Office Phone

(508) 283-7979

Text Agent Call Agent Call Office

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    [year_built_details] => Actual
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    [zoning] => RC
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EXIT