465-473 Water Street
465-473 Water Street
$745,000
13
6
6,047
6,047
$123
Sold 6/16/23
Description
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...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.
- Listed by Ryan Benton • Horvath & Tremblay
- Listed by Spencer Norton • Horvath & Tremblay
Property Details for 465-473 Water Street
Town
Fitchburg
AreaMA-Fitchburg
Garage Spaces0
Parking Spaces10.00
Parking Spaces Total10
Location
LISTING UPDATED: 06/21/2023 03:10 PM
Property Details for 465-473 Water Street
Status | Sold |
---|---|
MLS # | 73086393 |
Days on Market | 50 |
Taxes | $7,209 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5-9 Family |
Year Built | 1900 |
County | Worcester County |
Location
Building Information for 465-473 Water Street
Stories10Residences6Year Built1900Building Size-Lot Size0.14 AC / 5,899 SF
Payment Calculator
$4,667 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 465-473 Water Street
Property History for 465-473 Water Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 465-473 Water Street
This home is within Fitchburg School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 4 | |||
Public - | PK to 4 | |||
Public - | PK to 4 | |||
Public - | PK to 12 |
Rating | School | Distance |
---|---|---|
Reingold Elementary School PublicPK to 4 | ||
Crocker Elementary School PublicPK to 4 | ||
South Street Elementary School PublicPK to 4 | ||
Fitchburg High School PublicPK to 12 |
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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