MLS#: 73358335

$1,099,888 USD

  • Total rooms
    20
  • Minimum sellable space
    632m²  (6,804ft²)
The details

Property features

Construction details

  • Year built: 1920

Other features

  • Property features: Balcony
  • Appliances: Ceiling Fan

Area

  • Property size: 632m²  (6,804ft²)
  • Land/Lot size: 1,174m²  (0.29ac)
  • Bedrooms: 14
  • Bathrooms: 6
  • Total rooms: 20

Description

Fantastic investment opportunity in Fitchburg's "Opportunity Zone," offering valuable tax incentives for investors. Currently generating over $8K/month in rent with substantial room for growth due to under-market rents. With minor updates, 2-bedroom units can be converted into 3-bedroom units, increasing potential income to (6) 3-bedroom units. Recent upgrades over the past 8 years include remodeled kitchens and bathrooms, new flooring, electrical panels, and added insulation throughout. The property features separate utilities, including 6 gas boilers and 6 – 60 amp electric panels. 2 top Units has been remodeles within the last 3 years and has beautiful kitchen with quartz countertops and SS appliances. Come and make this property your next solid and profitable investment.

This paragraph can be translated by Bing Translate. Translate

Location

Fitchburg, Massachusetts