270 Fairmount Street, Fitchburg, MA 01420
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$724,999
4 Unit
11 Beds
4 Baths
3960 SQFT
0.11 Acre

Property Description

Turnkey four-unit multifamily property offering an excellent investment opportunity. This well-maintained asset features three spacious 3-bedroom, 1-bath units and a 2-bedroom, 1-bath unit on the first floor, which will be delivered vacant. Perfect for an owner-occupant or investor looking to maximize rental potential. Each apartment offers generous living space with functional layouts, making it highly desirable for tenants. Over $60,000 in recent capital improvements have been completed, ensuring low maintenance and long-term stability. Notable updates include brand-new electric panels in all four units and an upgraded electric meter in 2024. In 2022, the property underwent significant infrastructure upgrades, including a new main drain pipe with a sewer connection, a retaining wall, and newly paved asphalt walkways and stairways. Updated with durable and modern vinyl plank flooring, providing both style and easy maintenance. Perfect for owner-occupied or investor.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 10
  • Total Bedrooms: 11
  • Total Full Baths: 4

Financial

  • APOD Available: No
  • Gross Operating Income: 79968
  • Net Operating Income: 79968

Utilities

  • 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: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 4
  • Levels: 1

Construction

  • Year Built: 1935
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Granite
  • Roof Material: Rubber
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73347011
  • Last Updated: 03/22/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/22/2025Active$724,999$183MLSPIN
03/18/2025New$724,999$183MLSPIN

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Seller's Representative: Magdiel Matias, Matias Realty, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-22 03:05:00

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