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Adam Dow

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

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44 Winter St , Fitchburg, MA 01420
$1,229,000
Est. Payment: $2,731.11/mo
8 Bed
7 Bath
4188 Sqft
Status: Active | Days on site: 138
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House Description

7.10% CAP IN PLACE | ~8.00% PRO FORMA. Seven units, 100% occupied, no capital work needed.44 Winter Street delivers what most Fitchburg multifamily can't: current income at a 7.10% cap with no deferred maintenance waiting on the other side of closing. The property has been systematically reinvested in, and an incoming buyer inherits the benefit. Completed capital improvements include full electrical upgrade with individual panels and meters, heating system replacements in most units, a renovated laundry room, new garage roof and door, upgraded exterior egress and emergency lighting, and comprehensive landscaping. Most units are individually gas metered, with separation infrastructure already in place at the remainder requiring only final connection. Unit mix is six one-bedrooms and one two-bedroom. Five are fully renovated; the remaining two are in strong condition. In-place gross income is $121,200. Two units are tenant-at-will, giving a new owner the ability to take rents to market immediately rather than waiting on lease expirations. Fourteen off-street parking spaces, two per unit, on a large lot, plus a garage available for supplemental income. Parking at that ratio is genuinely scarce in this submarket and it shows up in both tenant retention and rent achievability. Turnkey and priced for an investor who wants an excellent addition to their portfolio.

Highlights

Listed by James Glickman , 508-753-9100 NAI Glickman Kovago & Jacobs , 508-753-9100.

Property Type

Multi-Family

Lot/Acreage
0.5

Year Built

1920

County

Worcester

Listing ID

73511393

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:7
  • Full Bathrooms:7
Appliances:Range, Refrigerator
Air Cond:Window Unit(s)
Fireplaces:
Floor:Vinyl,Hardwood
Other:
  • Additional:Living Room, Kitchen
Water:Public

Exterior Features

Garage Capacity:16
Zoning:RC
Roof:Shingle,Rubber
Sewer:Public Sewer
Parking Features:Off Street,Deeded,Parking Spaces: 16
Principal Interest
$2,731
Taxes
$599

Home Price

$1,229,000

Loan Details

30 yrs
%

Down Payment

20%
$245,800
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Monthly Price:
$2,731.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,731.11 $599.25 $0.00 $3,330.36
Yearly $32,773.33 $7,191.00 $0.00 $39,964.33
Total $983,200.00 $215,730.00 $0.00 $1,198,930.00

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.