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Closed

60 Grove St, Fitchburg MA 01420

$330,000

Estimated $821.34/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $165,000

Total Rent: 39000/year

Estimated CAP Rate: 8.52%

5 Bedrooms

2 Full Baths

2,514 SqFt

Total Parking: 6 (2 Garage)

3,168 SqFt

Introducing a fantastic opportunity for multigenerational living or investment - a stunning 2-family property with convenient amenities and exceptional updates. This well-maintained residence offers a 2-car garage and off-street parking, ensuring convenience and peace of mind. Location is key, and this property's prime position within walking distance to downtown amenities. Experience the vibrant energy of the city while enjoying the privacy and comfort of your own home. Step inside to discover a multitude of updates that elevate both functionality and style. FEATURES INCLUDE: 3 NEW electric panels, 1 heating system (2 thermostats) & 1 hot water tank (2021), all windows have been replaced with Anderson windows, slate roof repaired, new deck (2022) and both units renovated in 2018 each with laundry rooms. Embrace the benefits of a well-maintained investment property or enjoy the flexibility of a multi-generational home.

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 12:26pm (Source: MLS PIN #73137079)

Gross Income: $39,000

Gross Expenses: $10,875

Net Income Calc: $28,125

CAP Rate: 8.52%

Annual Expenses for 60 Grove St, Fitchburg MA 01420

Total Gross Expenses (Calculated)$10,875/year

APOD AvailableNo

Heating$3,000

Electricity$540

Water$1,800

Gas$1,800

Insurance$1,800

Sewer$1,800

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,435

Annual Income & Unit Breakdown for 60 Grove St, Fitchburg MA 01420

Total Gross Income (Calculated)$39,000

Unit 1

Rental Income$1,400

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesWater, Unit 1(heat, Hot Water), Unit 2(heat

Unit 2

Rental Income$1,850

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesWater, Unit 1(heat, Hot Water), Unit 2(heat

General Information for 60 Grove St, Fitchburg MA 01420

Listing ID73137079

Property TypeMulti Family

Price$330,000 ($131.26/SqFt)

StyleMulti Family

CityFitchburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,514 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1820

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionBrick/Mortar,Granite

Accessible Features

Outdoor Space

ZoningDB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 60 Grove 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$7,440

Total Gross Income By Broker$39,000

Total Net Income By Broker$31,560

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 60 Grove St, Fitchburg MA 01420

Real Estate Taxes$3,435

Tax Year2023

Assessed Value$214,400

Financial Data Source

Total Gross Expenses By Broker$7,440

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$39,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$31,560

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.52%

Location Information for 60 Grove St, Fitchburg MA 01420

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesSidewalks

Contact Information for 60 Grove St, Fitchburg MA 01420

Agent

Name: Lana Kopsala

Office

Name: Coldwell Banker Realty - Leominster

Phone: 978-840-4014

Payment Calculator

, Interest

Property Taxes 286.25

Principal & Interest 2033.36

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Leominster

Lana Kopsala

Agent Phone

Office Phone

(978) 840-4014

Text Agent Call Agent Call Office

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                )

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                )

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                )

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)

)

EXIT