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120 Academy St, Fitchburg MA 01420

$356,000

Estimated $909.25/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $178,000

Total Rent: 21600/year

Estimated CAP Rate: 4.95%

4 Bedrooms

2 Full, 1 Half Baths

2,052 SqFt

Total Parking: 0

5,044 SqFt

Two family home located near Fitchburg Center, Fitchburg State University as well as the commuter rail stop on the Boston - Fitchburg line. Ample off street parking and yard for seasonal enjoyment. This is an opportunity to have help with the mortgage, owner could live in one unit and rent the second unit. The property will be sold AS IS WHERE IS condition, needs some cosmetics. Location is an easy access to the commuter rail to//from Boston. The Seller is willing to finance this property with $100,000 deposit at 5% with 5 years to pay off..

This home has been viewed 115 times

Last Checked: February 28th, 2025 at 5:19am (Source: MLS PIN #73285787)

Gross Income: $21,600

Gross Expenses: $3,984

Net Income Calc: $17,616

CAP Rate: 4.95%

Annual Expenses for 120 Academy St, Fitchburg MA 01420

Total Gross Expenses (Calculated)$3,984/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,984

Annual Income & Unit Breakdown for 120 Academy St, Fitchburg MA 01420

Total Gross Income (Calculated)$21,600

Unit 1

Rental Income$1,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$800

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

General Information for 120 Academy St, Fitchburg MA 01420

Listing ID73285787

Property TypeMulti Family

Price$356,000 ($173.49/SqFt)

StyleMulti Family

CityFitchburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,052 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking0

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionIrregular

Accessible Features

Outdoor Space

ZoningRC

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 120 Academy 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$10,800

Total Net Income By Broker$10,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 120 Academy St, Fitchburg MA 01420

Real Estate Taxes$3,984

Tax Year2024

Assessed Value$269,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$10,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$10,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.95%

Location Information for 120 Academy St, Fitchburg MA 01420

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 120 Academy St, Fitchburg MA 01420

Agent

Name: Pat Bagni Latimer

Office

Name: MA Real Estate Center

Phone: 978-772-4101

Team Members

Name: Ron Morrison

Phone: 978-815-6965

Payment Calculator

, Interest

Property Taxes 332

Principal & Interest 2193.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

MA Real Estate Center

Pat Bagni Latimer

Agent Phone

Office Phone

(978) 772-4101

Text Agent Call Agent Call Office

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EXIT