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465-473 Water St Fitchburg ,
Massachusetts MA 01420 -7318 Status Closed
Sold Date 6/16/2023
Bedrooms 13
Total Baths 6
Full Baths 6
SqFt
6,047
Acres
0.140
County Worcester
Year Built 1900
Property Type Residential Income
Property Sub Type 5-9 Family
Description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 465-473 Water Street in Fitchburg, Massachusetts (the “Property”). The four-story building contains six residential units consisting of five (5), 2-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom unit with 6,047 square feet of living space in 9,474 square feet of gross area on a 0.14-acre parcel. Each unit is separately metered for electricity, heat, and hot water which the tenants pay directly. The Landlord is responsible for domestic water and sewer and common area electric. The in-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.Downtown Fitchburg is a densely developed, mixed use neighborhood centered around Main Street, the Nashua River and the MBTA rail station.
Half Baths
0
County
Worcester
Property Sub Type
5-9 Family
Property Type
Residential Income
Subdivision
Year Built
1900
Appliances
Basement
Interior Entry, Concrete
Bathrooms Total Decimal
6
Building Area Units
Square Feet
Common Walls
Cooling
Cooling Type
Cooling Units
Cooling Zones
Fireplace
Fireplace Features
Fireplaces Total
0
Flooring
Green Indoor Air Quality
Heat Units
Heating
Heating Type
Interior Features
Other (See Remarks)
Laundry Features
Levels
Living Area
6047
Other Equipment
Heat Zones
Room Kitchen Area
Room Kitchen Features
Room Kitchen Length
Room Kitchen Level
Room Kitchen Width
Rooms Total
26
Spa
Spa Features
Stories Total
10
Architectural Style
Attached Garage
Carport
Construction Materials
Covered Spaces
0
Door Features
Electric
Entry Location
Exterior Features
Farm Land Area Units
Square Feet
Fencing
Foundation Area
Foundation Details
Concrete Perimeter, Stone
Frontage Length
Frontage Type
Garage
Garage Spaces
0
Green Water Conservation
Horse
Horse Amenities
Lot Features
Lot Size
Lot Size Area
0.14
Lot Size Square Feet
5899
Lot Size Units
Acres
Number Of Units Total
6
Open Parking
1
Other Structures
Parking Features
Paved Drive
Parking Total
10
Patio And Porch Features
Pool Features
Pool Private
Road Frontage Type
Road Responsibility
Road Surface Type
Roof
Shingle
Sewage District
Sewer
Public Sewer
Structure Type
Utilities
Water Source
Public
Window Features
Association
Association Amenities
Building Area Source
Public Records
Building Name
Country
US
Directions
GPS
Elementary School
High School
Middle Or Junior School
MLS Area Major
MLS Area Minor
View
View Type
Waterfront
no
Waterfront Features
Zoning
NB
Accessibility Features
Certificate Number
000000018027
Color
Documents Available
Documents Count
FLRS 2
1
FLRS 3
2
FLRS 4
3
GRE
9815
Green Energy Efficient
Green Energy Generation
Home Warranty
HTE
Lead Paint
Unknown
Levels 1
1
Levels 2
1
Levels 3
1
Levels 4
1
Listing Alert
No
MFG
Mls Status
Sold
FLRS 1
1
MSE
Offline List Number
3556570
Page
133
Pets Allowed
Property Condition
RFS
RME
SqFt Disclosures
SqFt Includes Basement
No
Team Member
CN235128,CN230412
UFFI
Year Built Details
Approximate
Year Built Source
Public Records
Year Round
Association Fee
Buyer Agency Compensation
2
Buyer Agency Compensation Type
Compensation Based On
Gross/Full Sale Price
Concessions Amount
Contingency
Current Financing
Conv. Fixed
Disclosure
N
Disclosures
Down Payment Resource
No
Dual Variable Compensation
Electric Expense
240
Exclusions
Financial Data Source
Gross Income
75120
Gross Scheduled Income
Insurance Expense
4535
Cooperative Compensation
Lease 1
Y
Lease 2
Y
Lease 3
Y
Lease 4
Y
List Price Per SqFt
128.16
Listing Terms
Net Operating Income
65305
Operating Expense
9815
Price Per SqFt
123.2
Rent Includes
Special Listing Conditions
Sub Agency Compensation
Sub Agency Compensation Type
Sub Agency Offered
No
Tax Annual Amount
7209
Tax Assessed Value
450000
Tax Block
Tax Book Number
9447
Tax Lot
Tax Map Number
Tax Year
2023
Total Actual Rent
7550
Transaction Broker Compensation
0
Transaction Broker Compensation Type
Water Sewer Expense
5040
© 2024 MLS Property Information Network, Inc. (MLSPIN). The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. This information was last updated on Friday, March 29th, 2024. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Please contact Silva Realty Group Inc. directly for additional information pertaining to the status and availability of properties displayed on this website.
#IDX-primaryPhoto,#idx-details-header Listed by: Ryan Benton from Horvath & Tremblay