8-10 Prescott, Fitchburg, MA 01420
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$590,000
3 Unit
8 Beds
3 Baths
3157 SQFT
0.06 Acre

Property Description

Fantastic investment opportunity or ideal for owner-occupancy in the heart of Fitchburg! This recently renovated 3-family home blends modern upgrades with incredible future potential. The property boasts spacious living areas and a large basement with the potential for conversion into a 4th unit, offering added value for investors. Exterior features include charming porches, well-maintained gutters, and a newly paved driveway completed in September 2024, enhancing both curb appeal and functionality. The 2nd and 3rd units are tenant-at-will, providing flexibility for additional rental income or personal use, while the 1st unit is currently occupied by the owner, making it perfect for those looking to live on-site while earning rental income. Whether you're seeking a lucrative investment or a multi-generational living arrangement, this property is full of possibilities. Seize this rare opportunity to own a beautifully updated and versatile multi-family home in Fitchburg!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Amenities: Golf Course, Highway Access, House of Worship, Medical Facility, Park, Public School, Public Transportation, T-Station, University, Walk/Jog Trails
  • Basement Features: Finished, Other (See Remarks)
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall
  • Common Appliances: Refrigerator, Wall Oven

Financial

  • APOD Available: No
  • Gross Operating Income: 36000
  • Net Operating Income: 36000

Utilities

  • Electric Info: 220 Volts, At Street
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3

Construction

  • Year Built: 1920
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73294376
  • Last Updated: 12/17/24
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/17/2024Contingent$590,000$187MLSPIN
11/25/2024Active$590,000$187MLSPIN
11/21/2024Back on Market$590,000$187MLSPIN
10/16/2024Under Agreement$590,000$187MLSPIN
10/02/2024Contingent$590,000$187MLSPIN
09/29/2024Active$590,000$187MLSPIN
09/25/2024New$590,000$187MLSPIN

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Seller's Representative: Gloribel Ramos, EXIT New Options Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 0
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-17 21:13:00

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