Turnkey four-unit multifamily property offering an excellent investment opportunity. This well-maintained asset features three spacious 3-bedroom, 1-bath units and a 2-bedroom, 1-bath unit on the first floor, which will be delivered vacant. Perfect for an owner-occupant or investor looking to maximize rental potential. Each apartment offers generous living space with functional layouts, making it highly desirable for tenants. Over $60,000 in recent capital improvements have been completed, ensuring low maintenance and long-term stability. Notable updates include brand-new electric panels in all four units and an upgraded electric meter in 2024. In 2022, the property underwent significant infrastructure upgrades, including a new main drain pipe with a sewer connection, a retaining wall, and newly paved asphalt walkways and stairways. Updated with durable and modern vinyl plank flooring, providing both style and easy maintenance. Perfect for owner-occupied or investor.
This home has been viewed 26 times
Last Updated: March 23rd, 2025 at 5:58am
Gross Income: $79,968
Gross Expenses: $6,754
Net Income Calc: $73,214
CAP Rate: 10.10%
Annual Expenses for 270 Fairmount Street, Fitchburg MA 01420
Total Gross Expenses (Calculated)$6,754/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$6,754
Annual Income & Unit Breakdown for 270 Fairmount Street, Fitchburg MA 01420
Total Gross Income (Calculated)$79,968
Unit 1
Rental Income1550
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income1764
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income1600
LeaseY
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income1750
LeaseY
Bedrooms3
Bathrooms1 Full
Floor4
Levels in Unit1
HeatingNo
Rent Includes
General Information for 270 Fairmount Street, Fitchburg MA 01420
Listing ID73347011
Property TypeMulti Family / 4 Family
Price$724,999 ($183.08/SqFt)
Style
CityFitchburg
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total3,960 SqFt
Approximate Lot Size (Acres)0.11 acres
Total Parking1
Garage Parking1 / Detached
Year Built1935
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesOther
Foundation Area
Foundation DescriptionGranite
Accessible Features
Outdoor SpacePorch
ZoningRC
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 270 Fairmount Street, Fitchburg MA 01420
Disclosures for 270 Fairmount Street, Fitchburg MA 01420
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$79,968
Total Net Income By Broker$79,968
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 270 Fairmount Street, Fitchburg MA 01420
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 270 Fairmount Street, Fitchburg MA 01420