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!
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Last Updated: October 22nd, 2024 at 8:08am
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General Information for 773-779 Main Street, Fitchburg, Massachusetts 01420
Property TypeCommercial Sale
Price$1,300,000
MLS #73232230
List Date2024-05-02
Special Listing ConditionsNo
StateMassachusetts
Street NameMain Street
Unit
CityFitchburg
Zip Code01420
CountyWorcester
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total8400
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress773-779 Main Street, Fitchburg MA 01420
Zoning
Zoning DescriptionOther (See Remarks)
Business TypeNo
Interior Features for 773-779 Main Street, Fitchburg, Massachusetts 01420
* Approx. Living Area Total8,400 sq ft
MLS Area (Major)Fitchburg
OffMarketDate
Exterior Features for 773-779 Main Street, Fitchburg, Massachusetts 01420
* Parking Spaces3
* Year Built1890
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 773-779 Main Street, Fitchburg, Massachusetts 01420
Buyer Agent Compensation2.0
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation2.0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 773-779 Main Street, Fitchburg, Massachusetts 01420
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$1,375,000
Lifestyle Information for 773-779 Main Street, Fitchburg, Massachusetts 01420
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 773-779 Main Street, Fitchburg, Massachusetts 01420
Marketing History for 773-779 Main Street, Fitchburg, Massachusetts 01420
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 773-779 Main Street, Fitchburg, Massachusetts 01420