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Fitchburg,MA 01420
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $154
MLS Listing ID 73232230
HOA Y/N false
Year Built 1890
Annual Tax Amount $11,394
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Gross Rental Income $148,800 as of Nov. 1st!!! CAP RATE 8.01!!! Fantastic Opportunity to own a fully rented, 10 unit, mixed use building across the street from the beauitful, brand new City Hall and next door to the soon to be opening Fitchburg State Theatre! This building has 2 ground level commercial units and 8 reseidentail units of which 4 have been rennovated with fresh paint, new cabinetry, LVT flooring, and quartz counterops! All residental units are renting for $1200+/mth and commercial units are at $1000+/mth. All utilities are separated. One of the commercial units has been updated with fresh paint and LVT flooring. Room for expansion in the basement to add coin-op laundry! The rental market is hot! Consider adding this fantastic building to your portfolio!!! Photos of all units available upon request!
Location
State MA
County Worcester
Area Fitchburg
Zoning DB
Direction Chase Rd (Rt 13) for 3 Miles, building will be on right. On the corner of Central Street & Main St.
Exterior
Utilities Available Public Water,Public Sewer,Natural Gas Available
Waterfront false
Total Parking Spaces 3
Others
Senior Community false