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465-473 Water StreetFitchburg, MA 01420Price: $800,000

  • Price: $800,000
  • Est. Mortgage of $/month
  • 13 Days on Market
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$/month over payments
Federal 30-year interest rate: 6.6% last updated on Mar 9, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $800,000List Price
  • 13Bedrooms
  • 6Bathrooms
  • 0.14Acreage
  • 6,047Square Feet

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Listed by Ryan Benton and Spencer Norton of Horvath & Tremblay
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 465-473 Water Street in Fitchburg, Massachusetts (the “Property”). The four-story building contains six residential units consisting of five (5), 2-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom unit with 6,047 square feet of living space in 9,474 square feet of gross area on a 0.14-acre parcel. Each unit is separately metered for electricity, heat, and hot water which the tenants pay directly. The Landlord is responsible for domestic water and sewer and common area electric. The in-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.Downtown Fitchburg is a densely developed, mixed use neighborhood centered around Main Street, the Nashua River and the MBTA rail station.

Property Details of 465-473 Water Street

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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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