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Adam Dow

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

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52 Bemis Rd , Fitchburg, MA 01420
$699,900
Est. Payment: $1,555.33/mo
8 Bed
5 Bath
5543 Sqft
Status: Under Agreement | Days on site: 35
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AN1929 - H6546976
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House Description

Investors take notice! This well-maintained 5-unit multifamily property presents an outstanding opportunity to expand your investment portfolio or begin building long-term wealth through real estate. Held by the same family for an incredible 136 years, this property reflects generations of pride in ownership and thoughtful maintenance. Offering strong rental appeal, three units are currently occupied by tenants at will, while additional income potential exists with the remaining units. One oversized apartment was originally two separate units and has been combined into a spacious residence, providing flexibility for future rental strategies. Major improvements include vinyl siding, vinyl replacement windows, a flat rubber roof approximately 10 years old, a new boiler approximately 2 years old, newer gas heaters, and six electric meters. Separate utilities help simplify property management and tenant billing. Inside, the building retains much of its original character with beautiful ornate woodwork, impressive 4¼-inch window and door casings, original five-panel interior doors, and hardwood flooring throughout much of the property. Conveniently located minutes to Twin City Rail Trail and near shopping, restaurants, churches, markets, bus stops, and the commuter rail station, this property offers the accessibility of today's tenants value. Whether you're a seasoned investor seeking dependable cash flow or a buyer looking to enter the multifamily market with confidence, this is a rare opportunity to own a solid income-producing property with a remarkable history and excellent upside potential.

Highlights

Listed by Brenda Albert , 978-621-3168 LAER Realty Partners , 978-534-3100.

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1890

County

Worcester

Listing ID

73557326

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:5
  • Full Bathrooms:5
Appliances:Range, Refrigerator, Washer, Dryer
Floor:Wood,Carpet
Other:
  • Additional:Living Room, Kitchen, Office/Den
Water:Public

Exterior Features

Lot:Cleared
Garage Capacity:7
Zoning:NB
Roof:Rubber
Sewer:Public Sewer
Parking Features:Off Street,Stone/Gravel,Parking Spaces: 7
Principal Interest
$1,555
Taxes
$689

Home Price

$699,900

Loan Details

30 yrs
%

Down Payment

20%
$139,980
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Monthly Price:
$1,555.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,555.33 $688.53 $0.00 $2,243.87
Yearly $18,664.00 $8,262.39 $0.00 $26,926.39
Total $559,920.00 $247,871.70 $0.00 $807,791.70

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.