Residential Income in Fitchburg

$1,094,995

168 Lunenburg St, 01420, Fitchburg, MA

Residential Income for sale in Fitchburg, 168 Lunenburg St, 01420, 9368 m²

168 Lunenburg St, 01420, Fitchburg, MA

$1,094,995

14Bed
7Bath
9368
Type: Residential Income

Description

7-Unit Mixed-Use in Fitchburg – Six Renovated Residential Units, New Roof, Commercial Space. 168 Lunenberg Street is a mixed-use building with six fully renovated residential units, new roof, and a commercial space on the ground floor. The building offers fourteen bedrooms across the six residential units, all currently occupied. Current in-place rents total $11, 490 a month. There is room to push rents closer to $12, 000 as units turn over, giving a buyer both immediate income and a clear path to grow it. The ground-floor commercial space is currently occupied without a lease, giving the next owner flexibility in the future. Paired with a fully renovated residential component and a new roof, 168 Lunenberg Street offers a buyer stabilized cash flow today with meaningful upside built in as rents and the commercial space are brought up to their full potential. Open House Saturday, August 22th, 10:00 AM–12:00 PM.

Location

168 Lunenburg St, 01420, Fitchburg, MA

Data

Object TypeResidential Income
Purchase Price$1,094,995
Living Space9368 m²
Plot Size359.35 m²
Bathrooms7
Construction Year1940
ConditionNot specified
Rooms20

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1940
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

R

Real Estate Agent