44 Winter St - Apartments FOR SALE


Fitchburg, MA 01420
$1,275,000 USD
508-612-3025
44 Winter St, Fitchburg, MA for Sale
$1,275,000 USD
Apartments - FOR SALE
1/20
null | 6.7% Cap Rate

44 Winter St
Fitchburg, MA 01420


HIGHLIGHTS

  • 7 units | 6 one-bedroom, 1 two-bedroom
  • 5 of 7 units fully renovated
  • Extensive documented capital improvements (2021–2025)
  • Individual electrical panels and meters per unit
  • Majority of units individually gas metered
  • 14 off-street parking spaces (2 per unit)

OVERVIEW

The property consists of six one-bedroom units and one two-bedroom unit, with five of seven units fully renovated. The current ownership has completed an extensive capital improvement program over the past four years, leaving an incoming investor with a well-maintained, modernized asset and significantly reduced near-term capital requirements. Improvements completed include a full electrical infrastructure upgrade with individual panels and meters for each unit, replacement of heating systems in the majority of units, a renovated laundry room, garage roof and door replacement, upgraded exterior egress and emergency lighting throughout, and comprehensive exterior and landscaping work. A full capital expenditure schedule is available upon request. The majority of units are individually gas metered, with the remaining units having separation infrastructure in place requiring only final connection. The in-place rent roll provides stable current income with meaningful upside remaining. Two units are tenancy-at-will, offering an incoming owner early opportunity to bring rents to market. The property includes 14 off-street parking spaces, two per unit, along with an additional garage offering supplemental rental income potential. — Additional garage with rental income potential — Laundry income in place — 2 tenancy-at-will units with near-term rent upside — MBTA commuter rail access nearby — Walking distance to downtown Fitchburg

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

7

PRICE/UNIT

$182,143

CAP RATE

6.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,136 SF

ZONING

RC

APN/PARCEL ID

FITC-000057-000050

ASK ABOUT THIS PROPERTY

Brendan TooheyNAI Glickman Kovago & JacobsMore Info
508-612-3025

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Brendan TooheyNAI Glickman Kovago & JacobsMore Info
508-612-3025

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