5-7 Mt Vernon Street
$500,000
7
5
3,414
3,414
$146
Sold 12/13/24
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 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.
- Listed by Michelle Peterson • Elm Grove Realty, LLC
Property Details for 5-7 Mt Vernon Street
Town
Fitchburg
AreaMA-Fitchburg
Garage Spaces0
Parking Spaces5.00
Parking Spaces Total5
LISTING UPDATED: 12/14/2024 08:08 AM
Property Details for 5-7 Mt Vernon Street
Status | Sold |
---|---|
MLS # | 73309769 |
Days on Market | 27 |
Taxes | $6,356 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5+ Family - 5+ Units Up/Down |
Year Built | 1900 |
County | Worcester County |
Building Information for 5-7 Mt Vernon Street
Stories9Residences5Year Built1900Building Size-Lot Size0.10 AC / 4,399 SF
Property Information for 5-7 Mt Vernon Street
Property History for 5-7 Mt Vernon Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 5-7 Mt Vernon Street
This home is within Fitchburg School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 5 | |||
Public - | 1 to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Crocker Elementary School Public1 to 5 | ||
Reingold Elementary School Public1 to 5 | ||
Arthur M Longsjo Middle School Public6 to 8 | ||
Memorial Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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