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407 Water St

Fitchburg, MA 01420
  • $790,000
  • STATUS: Contingent
  • MLS #: 72970658
Under Contract
$790,000
  • 13
    BEDS
  • 0.28
    ACRES
  • 6
    BATHS
  • 3
    1/2 BATHS
  • 7,464
    SQFT
  • $106
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Listing courtesy of Jodi Healy of Its My Real Estate.

Description

First time offered, massive & clean, ready to rent sprawling mixed used buildings, with 4 residential units and 2 large storefronts. Been family occupied for generations. Recently vacant & used for personal business. All units are unoccupied ready for tenants. Section 8 in Fitchburg for 2 bedrooms is $1,450 per month & $1,804 for 3 bedrooms. These units can easily be converted to 3 bedrooms with a wall added to create hallways in the interior stairwell. All rooms already have doors. An easy money maker! Convert the 2 store fronts to 2 additional residential units or retain new commercial tenants - current business will be moving closer to owners home. 4,000 square feet available, one level, each storefront is approximately 2,000 square feet. Water Street is a booming area with Market Basket & many new tenants down the street. Many upgrades over the years, washer dryer hooks up in each unit, newly enclosed back porches, recent roof approximately 12 years old, updated electric, and more.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-05-26T00:09:34.437.
www.welchmanrealestate.com/homes/127992994
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407 Water St Fitchburg, MA 01420

  • Price: $790,000
  • Status: Contingent
  • On Site: Days
  • MLS #: 72970658
13
Beds
6
Baths
3
½ Baths
0.28
Acres
7,464
SQFT
$106
$/SQFT
1900
Built
Neighborhood:
Other
County:
Worcester
Area:
Other
Property Description
First time offered, massive & clean, ready to rent sprawling mixed used buildings, with 4 residential units and 2 large storefronts. Been family occupied for generations. Recently vacant & used for personal business. All units are unoccupied ready for tenants. Section 8 in Fitchburg for 2 bedrooms is $1,450 per month & $1,804 for 3 bedrooms. These units can easily be converted to 3 bedrooms with a wall added to create hallways in the interior stairwell. All rooms already have doors. An easy money maker! Convert the 2 store fronts to 2 additional residential units or retain new commercial tenants - current business will be moving closer to owners home. 4,000 square feet available, one level, each storefront is approximately 2,000 square feet. Water Street is a booming area with Market Basket & many new tenants down the street. Many upgrades over the years, washer dryer hooks up in each unit, newly enclosed back porches, recent roof approximately 12 years old, updated electric, and more.
Exterior Features

Beachfront No Color Gray Construction FrameBrick Exterior VinylBrick Exterior Features Porch - Enclosed Foundation FieldstoneBrick Foundation Size 80*80 Frontage 75.00 Lot Description Paved DriveLevel Parking Features Off-StreetImproved DrivewayPaved Driveway Parking Spaces 18 Road Type PublicPaved Roof Material Rubber Waterfront Flag No Waterview Flag No

Interior Features

Appliances Unit1 RangeDishwasherRefrigeratorWasher & Dryer Hookup Appliances Unit2 RangeDishwasherRefrigeratorWasher & Dryer Hookup Appliances Unit3 RangeDishwasherRefrigeratorWater TreatmentVent HoodWasher & Dryer Hookup Appliances Unit4 RangeDishwasherRefrigeratorWasher & Dryer Hookup Basement Yes Basement Features FullInterior AccessSump PumpConcrete FloorUnfinished BasementExterior Access Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 3 Bedrooms Unit4 2 Cooling Unit1 None Cooling Unit2 None Cooling Unit3 Central Air Energy Features Insulated WindowsInsulated Doors Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring VinylWall To Wall CarpetHardwood Floors Unit1 1 Floors Unit2 1 Floors Unit3 2 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 1 Half Baths Unit4 0 Heat Units 6 Heating Unit1 Hot Water RadiatorsGas Heating Unit2 GasFloor FurnaceSpace Heater Heating Unit3 Hot Water BaseboardGas Heating Unit4 GasFloor FurnaceSpace Heater Hot Water Natural GasVaries Per Unit Interior Features Common Cable Tv AvailableBalcony/DeckHardwood FloorsWall To Wall CarpetInternet Available - Fiber-Optic Interior Features Unit1 PantryHardwood FloorsBathroom With Tub & ShowerRemodeledWall To Wall Carpet Interior Features Unit2 PantryHardwood FloorsBathroom With Tub & ShowerRemodeled Interior Features Unit3 Ceiling FansHardwood FloorsUpgraded CabinetsBathroom With Tub & ShowerWall To Wall CarpetInternet Available - Fiber-Optic Interior Features Unit4 PantryHardwood FloorsBathroom With Tub & ShowerRemodeledInternet Available - Fiber-Optic Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 26 Rooms Common Other (See Remarks) Rooms Description Unit1 Living RoomKitchenMudroom Rooms Description Unit2 Living RoomKitchenMudroom Rooms Description Unit3 Living RoomKitchenMudroom Rooms Description Unit4 Living RoomKitchenMudroom Rooms Unit1 6 Rooms Unit2 6 Rooms Unit3 7 Rooms Unit4 6

Property Features

Adult Community No Amenities Public TransportationShoppingMedical FacilityLaundromatHighway AccessHouse Of WorshipPrivate SchoolPublic SchoolT-Station Apod Available No Assessments 575000.00 Contingency Type Pending P&S Disclosure No Disclosures income And Expenses Are Estimated Because Building Has Been Vacant Electric Features 220 VoltsCircuit BreakersIndividually Metered Exclusions Sellers Personal Property Expenses Source EstimatedLimited Information Expenses Year End 12/22 Gross Operating Income 121200 Lead Paint NoneUnknown Lease Unit1 N Lease Unit2 N Lease Unit3 N Lender Owned No Multifamily Type 5+ Family - 5+ Units Up/Down Net Operating Income 100000 Rent Description Unit1 HeatWater Rent Description Unit2 Water Rent Description Unit3 HeatGasWater Rent Description Unit4 Water Rent Unit1 1450 Rent Unit2 1450 Rent Unit3 1700 Rent Unit4 1450 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Store Fronts Are Approximately 2000 Square Feet Each Sq Ft Includes Basement No Sq Ft Source Public Record Tax Year 2022 Taxes 6300.00 Terms Contract For Deed UFFI No Utility Connections For Gas RangeFor Gas DryerFor Electric DryerWasher Hookup Warranty No Water City/Town Water Year Built Description ApproximateRenovated Since Year Built Source Public Record Zoning Cbd

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Jodi Healy of Its My Real Estate.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-05-26T00:09:34.437.
 
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Welchman Real Estate Group | Keller Williams Realty of Newport
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Listing courtesy of Jodi Healy of Its My Real Estate.