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5 7 Mt. Vernon

Fitchburg, MA 01420

7 beds
5 baths
3,414 sqft
4,399 sqft lot
$161 per sqft
1900 build
– on site

This investment property is a turnkey, 5-unit building near downtown Fitchburg. It is comprised of four 1 bdrm apartments and one 3 bdrm apartment. This building has seen capital improvements and cost-saving measures over the years, including aluminum siding, a number of upgraded windows to a vinyl replacement, some unit renovations, partial roof replacement, foundation pointing, and electric water heater replacement. Three apartments will be conveyed vacant for a buyer toestablish their own rental income. This property is a perfect investment for someone looking for a stable building that has the ability to produce a solid return with its low operating expenses, as all tenants pay for their own heat and electricity. An estimated proforma shows the ability to gross $66,000 in 2024. With the proper rental income and additional building improvements this property is sure to turn a profit for any investor.

Listing courtesy of MLSPIN / Michelle Peterson / Elm Grove Realty, LLC

Last checked: Checking… • Last updated Nov 5, 2024 •

MLS# 73309769 —

The Building

Year Built:

1900
Year Built Details:

Actual
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Basement:

Full
Foundation Details:

Stone
Exterior Features:

Rain Gutters
Patio And Porch Features:

Covered
Stories Total:

9
# of Units Total:

5
Building Area Total:

3414
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

17
Interior Features:

Living Room
Flooring:

Wood
Fireplace:

false

Room Dimensions

Living Area:

3414

Location

Directions:

Heading West on Main St. Take Rt on Blossom, 1st Lt on Crescent, 1st Rt on Mt Vernon. 2nd on Right.
Latitude:

42.583016
Longitude:

-71.796996

The Property

Property Type:

Residential Income
Property Subtype:

5+ Family - 5+ Units Up/Down
Lot Size Units:

Acres
Lot Size Area:

0.1
Lot Size SqFt:

4399
Lot Size Acres:

0.1
Zoning:

DB
Water View:

No
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Surface Type:

Paved
Road Frontage Type:

Public
Road Responsibility:

Public Maintained Road

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Block:

69
Tax Map Number:

43
Tax Book Number:

8339
Tax Annual Amount:

6356
Tax Assessed Value:

378400

Beds

Bedrooms Total:

7

Baths

Total Baths:

5
Total Baths:

5
Full Baths:

5

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Natural Gas
Heating:

true

Utilities

Utilities:

for Gas Range
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Range

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false
Parking Total:

5
Parking Features:

Paved Drive
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price
11/5/24 Nov 5, 2024	Relisted	MLSPIN	$550,000
4/9/24 Apr 9, 2024	Pending	MLSPIN
3/26/24 Mar 26, 2024	Sold Subject To Contingencies	MLSPIN

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This multifamily located in North of Main, Fitchburg, MA 01420 is currently for sale for $550,000. 5 7 Mt. Vernon is a 3,414 square foot multifamily with 7 beds and 5 baths that has been on Estately for 0 days. 5 7 Mt. Vernon is in the North of Main neighborhood of Fitchburg and has a WalkScore® of 79, making it very walkable. This multifamily is in the attendance area of Reingold Elementary School, Fitchburg High School, Memorial Middle School, South Street Elementary School, Crocker Elementary School, and Arthur M Longsjo Middle School.

Listing Courtesy of: MLSPIN and Elm Grove Realty, LLC.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.