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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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28 Institute St , Fitchburg, MA 01420
$499,000
Est. Payment: $1,108.89/mo
5 Bed
2 Bath
2152 Sqft
Status: Active | Days on site: 27
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House Description

An incredible opportunity for owner-occupants, investors, or buyers looking to offset their mortgage with rental income! Located on a quiet street in desirable West Fitchburg, this modern, renovated 2-family offers flexible living, modern comforts, and strong rental-income potential. Unit 1 is currently VACANT, making this an ideal opportunity for an owner-occupant ready to move in or an investor who wants the flexibility to select their own tenant. Unit 1 features 2 bedrooms, 1 full bath, and convenient laundry in the basement. Unit 2 offers 3 bedrooms, 1 full bath, and its own second-floor laundry. A walk-up attic features a finished bonus room with additional space and future potential. Enjoy separate private balconies from the newer porch, plus a backyard featuring a fire pit area, perfect for relaxing and enjoying the outdoors. Additional updates include a central heating system (could easily add central air) and updated electrical. Seller-owned solar panels will convey to the new owner, providing the added benefit of significant electricity savings with no solar lease! The property also features ample off-street parking with its own driveway & a detached garage.additional parking across the street. Conveniently located just 5 minutes from the T, near Fitchburg State University, and with easy access to major commuter routes. Whether you're an investor seeking a turnkey property or a buyer hoping to live in one unit while renting the other, this West Fitchburg two-family is an opportunity you won't want to miss!

Highlights

Listed by Gabrielle Aguiar , 786-502-6617 eXp Realty LLC - Corporate Office , 888-854-7493.

Property Type

Multi-Family

Year Built

1880

County

Worcester

Listing ID

73565986

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:2
  • Full Bathrooms:2
Water:Public

Exterior Features

Garage Capacity:5
Zoning:RB
Sewer:Public Sewer
Parking Features:Paved Drive,Parking Spaces: 5
Principal Interest
$1,109
Taxes
$482

Home Price

$499,000

Loan Details

30 yrs
%

Down Payment

20%
$99,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,108.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,108.89 $482.33 $0.00 $1,591.22
Yearly $13,306.67 $5,788.00 $0.00 $19,094.67
Total $399,200.00 $173,640.00 $0.00 $572,840.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fitchburg, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.