773-779 Main St - Apartments FOR SALE


Fitchburg, MA 01420
$1,250,000 USD
781-776-4000
773-779 Main St, Fitchburg, MA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/12
null | 9.41% Cap Rate

773-779 Main St
Fitchburg, MA 01420


HIGHLIGHTS

  • Convenient Location
  • Recent Development
  • Value-Add Opportunity
  • Separately Metered Utilities
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 773-779 Main Street in Fitchburg, Massachusetts (the “Property”). The four-story brick building contains ten (10) units comprised of two (2) commercial units and eight (8), 1-Bedroom/1-Bathroom residential units with 8,500 square feet of living space in 11,440 square feet of gross area on a 0.1-acre corner parcel. The Property also has two (2) deeded parking spaces. Additionally, all units are separately metered for heat, hot water, and electricity which the tenants pay directly. The Property is well-located on Main Street in the center of Downtown Fitchburg. The Property is 0.6-miles from Fitchburg Train Station (Intermodal Train Station), and 1-mile from Fitchburg State University. The location offers convenient access to the area’s major roadways, public transportation, and numerous retail amenities in both downtown Fitchburg and along John Fitch Highway.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

10

PRICE/UNIT

$125,000

CAP RATE

9.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Proctor Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1890

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

DB

APN/PARCEL ID

FITC-000030-000008

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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