Stone Farm Real Estate
Stone Farm Real Estate, Stone Farm Real Estate Phone: (978) 602-5813
Email: [email protected]

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listing
1 of 38
MultifamilyFor Sale
$550,000
5-7 Mt. Vernon
Fitchburg, MA 01420
Courtesy of Elm Grove Realty, LLC - Michelle Peterson
MLS Property Information Network
7Beds
5Baths
3,414Sq Ft
Est. Mortgage
$2,939/mo

This investment property is a turnkey, 5-unit building near downtown Fitchburg. It is comprised of four one-bedroom apartments and one three-bedroom apartments. This building has seen capital improvements and cost-saving measures, including aluminum siding, several upgraded windows to a vinyl replacement, some unit renovations, partial roof replacement, foundation pointing, and electric water heater replacement. Two apartments will be conveyed vacant for a buyer to establish their rental income. This property is a perfect investment for someone looking for a stable building that can produce a solid return with its low operating expenses, as all tenants pay for their heat and electricity. An estimated proforma shows the ability to gross $66,000 in 2024. With the proper rental income and additional building improvements, this property will surely turn a profit for any investor.

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Information courtesy of Elm Grove Realty, LLC is subject to verification and is not guaranteed.
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