NOT LISTED FOR SALE

1 3rd St Fitchburg, MA 01420

9 Beds
4 Baths
4,068 Sq Ft
6,540 Sq Ft Lot

Last Sold October 21, 2022

Last sale price $484,050 $119 Per Sq Ft

4 Days on Market

Highlights

  • Medical Services
  • Corner Lot
  • Park
  • Property is near public transit
  • Enclosed Patio or Porch
  • 2-minute walk to Sadie Quatrale Park

About This Home

As of October 2022

Location & Cashflow! Located directly next to Fitchburg State University Athletic and Rec Center. Great investor turnkey opportunity, high rental rates, surplus of student demand, all major mechanicals updated, and excellent cashflow (over $60k gross income when fully rented). Four-Family building (4-units) with two 3BDRM units, one 2BDRM unit, and one 1 BDRM unit. Currently one apartment vacant for potential owner-occupied buyer. Very low historical vacancy rates with mostly students renting on 1-year leases from June to June. Separately metered utilities, all major mechanicals in good shape (forced hot air furnaces and new gas water heaters). Tons of opportunity around potentially adding additional bedrooms, paid parking lot, or coin operated laundry. Large open basement for Landlord/ Owner/Property Manager storage and workshop. Local property manager currently in place.

Last Agent to Sell the Property

Janet Cramb

LAER Realty Partners / Janet Cramb & Company Listed on: 09/08/2022

LAER Realty Partners / Janet Cramb & Company

Last Buyer's Agent

Mary Koontz-Daher

Weichert Realtors' Daher Companies

Weichert Realtors' Daher Companies

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,633

Year Built

  • Built in 1910

Lot Details

  • 6,540 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • 4,068 Sq Ft Home
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 10 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 4 Heating Zones
  • Heating Available
  • Separate Meters
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $3,650
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number 1503120

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $43,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,633

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1910
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 7

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 9
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Walk-Out Access
  • Living Area: 4068
  • Stories Total: 7
  • MAIN LO: AN1199
  • LIST PRICE PER Sq Ft: 117.75
  • PRICE PER Sq Ft: 118.99
  • MAIN SO: AN0395

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Other
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Gas,Individual), Unit 2(Gas,Individual), Unit 3(Gas,Individual), Unit 4(Gas,Individual)
  • Cooling Y N: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4
  • HEAT ZONES: 4
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, House of Worship, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Lot Info

  • Parcel Number: 1503120
  • Zoning: Resid
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6540
  • Lot Size Units: Acres
  • PAGE: 133
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4633
  • Tax Book Number: 9299

Multi Family

  • Gross Income: 60000
  • Net Operating Income: 43800
  • Number Of Units Total: 4
  • Total Actual Rent: 3650
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2022 10/21/22 Sold $484,050 +1.1% $119 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $479,000 -- $118 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Janet Cramb

    Laer Realty

    Section Image
  • Mary Koontz-Daher

    Buyer's Agent in 2022

    Mary Koontz-Daher

    Weichert Realtors' Daher Companies

    (978) 265-8456

    177 Total Sales

    Mary Koontz-Daher
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73033914

MLS Property Information Network (MLS PIN)
Massachusetts Worcester County Fitchburg 01420

1 3rd St, Fitchburg, MA

This home is located at 1 3rd St, Fitchburg, MA 01420 since 08 September 2022. This property was built in 1910. 1 3rd St is a home located in Worcester County with nearby schools including South Street Elementary School, Crocker Elementary School, and Reingold Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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