Janet Cramb & Company

1 - 3 Waverly Street, Fitchburg, MA 01420 is now new to the market!

by Janet Cramb & Company 09/08/2022

1 - 3 Waverly Street, Fitchburg, MA 01420
MultifamilySold
List Price $479,000
Sold Price $484,050
1 - 3 Waverly Street
Fitchburg, MA 01420
Courtesy of Laer Realty Partners / Janet Cramb & Company - Janet Cramb
MLS Property Information Network
9Beds
4Baths
4,068Sq Ft
Est. Mortgage
$2,573/mo

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.

Learn more about this property