122 Laurel St - Apartments FOR SALE


Fitchburg, MA 01420- Southside Fitchburg
$1,150,000 USD
978-799-3560
122 Laurel St, Fitchburg, MA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/38
null | 6.51% Cap Rate

122 Laurel St
Fitchburg, MA 01420
Southside Fitchburg


HIGHLIGHTS

  • Renovated 6 Family
  • Off Street Parking
  • Long Term Tenants

OVERVIEW

Completely renovated in 2017, this well-maintained 6-family offers turnkey convenience with a full sprinkler system, radio box tied into the fire dept., (6) individual Rinnai on-demand heat and hot water units, updated electrical with separate meters plus a common meter, (6) gas meters, updated plumbing, thermal pane windows, and updated insulation. Each spacious apartment features renovated kitchens with modern cabinets, appliances, and dishwashers in select units, along with updated baths—some with double vanities and custom tile showers. Durable vinyl flooring runs throughout. All units have a second egress, and ample off-street parking is available for all tenants. Utilities are separated except town water/sewer. Basement offers extra storage and workspace. Vinyl siding ensures easy maintenance. Long-term tenants in place.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,667

CAP RATE

6.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,476 SF

ZONING

NB

APN/PARCEL ID

FITC-000054-000013

ASK ABOUT THIS PROPERTY

Matthew StraightColdwell Banker Commercial NRTMore Info
978-799-3560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matthew StraightColdwell Banker Commercial NRTMore Info
978-799-3560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.