$671,000
SOLD SEP 27, 2024
12 Beds
4 Baths
4,892 Sq Ft
3,502 Sq Ft Lot

Recently Sold

$137 Per Sq Ft

4% Below List Price

44 Days on Market

About This Home

As of September 2024

Discover a prime investment opportunity in the heart of Fitchburg with this charming 4-plex. Each of the four spacious apartments features three bedrooms and one bathroom, making them perfect for families or professionals seeking comfortable living spaces. With rents currently below market value, there is significant potential for the new owner to raise rents and enjoy a comfortable, lucrative income stream. The property boasts one vacant unit, providing a unique opportunity for the new owner to move in immediately while the rental income from the other apartments covers the mortgage. Over the past few years, numerous updates have been made to the property, ensuring a modern and well-maintained living environment. Don’t miss out on this exceptional opportunity to own a profitable 4-plex in the vibrant city of Fitchburg. "SOLD AS IS"

Last Agent to Sell the Property

Magdiel Matias

Matias Realty, LLC Listed on: 07/09/2024

Last Buyer's Agent

Rosemary Galindo

MP Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,658

Year Built

  • Built in 1900

Home Design

  • Quadruplex
  • Frame Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,892 Sq Ft Home
  • 1 Fireplace

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Car Parking Space
  • Driveway
  • Open Parking
  • Off-Street Parking

Additional Features

  • Enclosed Patio or Porch
  • 3,502 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $4,600
  • Assessor Parcel Number M:0076 B:0125 L:0,1505895

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,658

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 7

Interior Features

  • Fireplace YN: Yes
  • Fireplaces: 1
  • Total Bedrooms: 12
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Living Area: 4892
  • Spa YN: No
  • Stories Total: 7
  • MAIN LO: AN3678
  • LIST PRICE PER Sq Ft: 141.05
  • PRICE PER Sq Ft: 137.16
  • MAIN SO: AN4634

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0076 B:0125 L:0,1505895
  • Zoning: NB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3502
  • Lot Size Units: Acres
  • PAGE: 138
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8658
  • Tax Book Number: 10139

Multi Family

  • Gross Income: 55200
  • Net Operating Income: 55200
  • Number Of Units Total: 4
  • Total Actual Rent: 4600
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 3
  • FLRS 3: 2
  • FLRS 2: 1

Range of Values:

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Average Value
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List Price
Sold Price
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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
09/27/2024 09/27/24 Sold $671,000 -2.8% $137 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/19/2024 08/19/24 Price Changed $690,000 -1.4% $141 / Sq Ft
08/12/2024 08/12/24 For Sale $700,000 0.0% $143 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
07/27/2024 07/27/24 Price Changed $700,000 0.0% $143 / Sq Ft
07/27/2024 07/27/24 For Sale $700,000 -3.4% $143 / Sq Ft
07/15/2024 07/15/24 Pending -- -- --
07/09/2024 07/09/24 For Sale $725,000 +48.9% $148 / Sq Ft
10/12/2021 10/12/21 Sold $487,000 +3.6% $100 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $469,900 +4.4% $96 / Sq Ft
04/09/2021 04/09/21 Sold $450,000 +7.4% $92 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $419,000 +66.3% $86 / Sq Ft
06/13/2018 06/13/18 Sold $252,000 +0.8% $52 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
04/18/2018 04/18/18 For Sale $249,900 +11.6% $51 / Sq Ft
06/28/2017 06/28/17 Sold $224,000 +12.1% $46 / Sq Ft
05/11/2017 05/11/17 Pending -- -- --
04/20/2017 04/20/17 For Sale $199,900 +5.2% $41 / Sq Ft
02/10/2014 02/10/14 Sold $190,000 -4.5% $36 / Sq Ft
01/11/2014 01/11/14 Pending -- -- --
11/06/2012 11/06/12 For Sale $199,000 -- $38 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73261834

MLS Property Information Network (MLS PIN)