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8 Nashua St & 706 Water St, Fitchburg, MA 01420

14 Bed, 6 Bath Multi-Family Home For Sale

8 Nashua St & 706 Water St, Fitchburg, MA 01420 House For Sale - MLS #72576645
$599,900
14
6
Multi-Family
5+ Family
6

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Property Description for 8 Nashua St & 706 Water St, Fitchburg, MA 01420

TURN KEY 6 unit property that's ready for the next investor offering 23% cash on cash and 11% cap rate. Two properties in one portfolio in 8 Nashua St and 706 Water St is in a prime location! Completely renovated from top to bottom featuring new electrical, heating, and hot water. All hardwood floors have been redone and renovated in the last 12 months. 6 new kitchens featuring wood cabinets and granite counter tops as well as brand new bathroom to add! All units are all move in condition with separate utilities with ample parking for tenants. This rare opportunity to own right near downtown, minutes to commuter rail, major highways, and Fitchburg University. Gross income is $7700/month or $92,400 annually! Please see attached pro-forma.

Interior Details

7,000 sq. ft.
$85.70/sq. ft.

Exterior Details

0.22 acres
9,800 sq. ft.
10

Other Details

72576645
1900

Units Description

Unit #1
Rooms: 5      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $1,200     

Unit #2
Rooms: 5      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $1,200      Lease: Yes

Unit #3
Rooms: 5      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 3      Rent: $1,200      Lease: Yes

Unit #4
Rooms: 6      Bedrooms: 3      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $1,450     

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Monthly Mortgage Payments

$2,725
$3,795

MBTA> Stations Stops

Fitchburg
1.75 miles
North Leominster
3.08 miles

Town Description

The City of Fitchburg is a community of 41,000 people located in north-central Worcester County. Despite being the second largest city in the county, Fitchburg retains its small town flavor....

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