MA > Fitchburg
Fitchburg, MA 01420,5-7 Mt. Vernon
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Fitchburg, MA 01420,5-7 Mt. Vernon
Fitchburg, MA 01420,5-7 Mt. Vernon
Fitchburg, MA 01420,5-7 Mt. Vernon
Fitchburg, MA 01420,5-7 Mt. Vernon
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Don Minchello

Don Minchello

+1(508) 446-0006
$ 550,000
Est. payment /mo
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Active Under Contract

5-7 Mt. Vernon Fitchburg, MA 01420

7 Beds

5 Baths

3,414 SqFt

UPDATED:

11/18/2024 08:25 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,414 sqft

Price per Sqft $161

MLS Listing ID 73309769

Bedrooms 7

Full Baths 5

Year Built 1900

Annual Tax Amount $6,356

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property Description

This investment property is a turnkey, 5-unit building near downtown Fitchburg. It is comprised of four one-bedroom apartments and one three-bedroom apartments. This building has seen capital improvements and cost-saving measures, including aluminum siding, several upgraded windows to a vinyl replacement, some unit renovations, partial roof replacement, foundation pointing, and electric water heater replacement. Two apartments will be conveyed vacant for a buyer to establish their rental income. This property is a perfect investment for someone looking for a stable building that can produce a solid return with its low operating expenses, as all tenants pay for their heat and electricity. An estimated proforma shows the ability to gross $66,000 in 2024. With the proper rental income and additional building improvements, this property will surely turn a profit for any investor.

Location

State MA

County Worcester

Zoning DB

Direction Heading West on Main St. Take Rt on Blossom, 1st Lt on Crescent, 1st Rt on Mt Vernon. 2nd on Right.

Rooms

Basement Full, Walk-Out Access, Concrete

Interior

Interior Features Living Room, Kitchen

Heating Natural Gas, Electric

Flooring Wood, Vinyl, Carpet, Hardwood

Appliance Range, Refrigerator

Exterior

Exterior Feature Rain Gutters

Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, University

Utilities Available for Gas Range

Waterfront false

Roof Type Shingle,Slate

Total Parking Spaces 5

Garage No

Building

Story 9

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by Elm Grove Realty, LLC

Don Minchello

+1(508) 446-0006

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5-7 Mt. Vernon