773-779 Main Street

Fitchburg, MA 01420

$1,300,000
Price
—
Beds
8
Baths
8,500 Sq. Ft.
$153 / Sq. Ft.
8,500
Sq. Ft.
$153
per Sq. Ft.

Description

Gross Rental Income $148,800 as of Nov. 1st! Cap rate 8.01! Group showing 10/4/2024 @ 11am! Fantastic Opportunity to own a fully rented, 10 unit, MIXED USE building across the street from the beautiful, brand new City Hall and next door to the soon to be opening Fitchburg State Theatre! This building has 2 ground level commercial units and 8 residential units of which 4 have been renovated with fresh paint, new cabinetry, LVT flooring, and quartz countertops! All residential units are renting for...Gross Rental Income $148,800 as of Nov. 1st! Cap rate 8.01! Group showing 10/4/2024 @ 11am! Fantastic Opportunity to own a fully rented, 10 unit, MIXED USE building across the street from the beautiful, brand new City Hall and next door to the soon to be opening Fitchburg State Theatre! This building has 2 ground level commercial units and 8 residential units of which 4 have been renovated with fresh paint, new cabinetry, LVT flooring, and quartz countertops! All residential units are renting for $1200+/mth and commercial units are at $1000+/mth. All utilities are separated. One of the commercial units has been updated with fresh paint and LVT flooring. Room for expansion in the basement to add coin-op laundry! The rental market is hot! Consider adding this fantastic building to your portfolio! Group showings available! Photos of all units available upon request
  1. Listed by Hollie Strandson • Five North Realty Group, Inc.

Property Details for 773-779 Main Street

Parking
Off Street
Zoning
Downtown Fitchburg, DB
LISTING UPDATED: 10/01/2024 05:20 PM

Property Details for 773-779 Main Street

StatusActive
MLS #4995161
Days on Market173
Taxes$11,395 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1890
Lot Size0.10 AC / 4,356 SF
CountyWorcester County

Building Information for 773-779 Main Street

Stories3Residences10Year Built1890Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 773-779 Main Street

Summary
Location and General Information
  • City: Fitchburg
  • County: MA-Worcester
  • Directions: Chase Rd (Rt 13) for 3 Miles, building will be on right. On the corner of Central Street & Main St.
  • Latitude: 42.584949999999999
  • Longitude: -71.804007999999996
  • Road Frontage: TBD
  • Seasonal: No
  • State: MA
  • Street Designation: Street
  • Map: 0030
  • Zip Code: 01420
Taxes and HOA Information
  • Tax Year: 2024
  • Taxes TBD: Yes
Parking
  • Garage: No
  • Driveway: Brick/Pavers
Property
Lot Information
  • Block: 0008
  • Lot: 0
  • Lot - Sqft: 4356.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.1
  • Square Feet Apx Finished Above Grade: 8500.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Public Records
  • Square Feet Apx Total: 19940.0
  • Square Feet Apx Total Finished: 8500.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 11440.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Brick
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1890
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable - Available, Telephone Available
  • Separate Utilities: No
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Exterior
  • Roads: Paved
  • Roof: Flat, Membrane
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Stairs - Interior, Walkout
  • Total Full Baths: 8
  • Flooring: Carpet, Softwood
  • Heat Fuel: Gas - Natural
  • Heating: Forced Air
  • Cooling: None
  • Total Stories: 3
  • Trash: Dumpster
Multi Family
Income & Expenses Information
  • Gross Income: $148,800.00
  • Net Income: $104,171.00
  • Operating Expense Incl: Insurance, Professional Management, Trash, Utilities, Water/Sewer
  • Operating Expense: $44,629
Multi-Family Information
  • Total Units: 10
  • Total 1 BR Units: 8
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 0

Property History for 773-779 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 773-779 Main Street

This home is within Fitchburg School District.
Rating
School
Type
Grades
Distance
Crocker Elementary School
Public - 1 to 5
Reingold Elementary School
Public - 1 to 5
Arthur M Longsjo Middle School
Public - 6 to 8
Memorial Middle School
Public - 6 to 8
Rating
School
Distance
Crocker Elementary School
Public1 to 5

Reingold Elementary School
Public1 to 5

Arthur M Longsjo Middle School
Public6 to 8

Memorial Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 773-779 Main Street, Fitchburg, MA 01420

773-779 Main Street is a multi-family home for sale in Fitchburg, MA 01420. This property was listed for sale on May 11, 2024 by Five North Realty Group, Inc., it's currently listed at $1,300,000. This listing's school district is Fitchburg School District. Nearby schools include Crocker Elementary School, Reingold Elementary School and Arthur M Longsjo Middle School. 773-779 Main Street is a 0-bed, 8-bath, 8,500 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Five North Realty Group, Inc., Hollie Strandson

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/31/2024 08:02 PM