Sold for $500,000

$500,000

5 Seven Mount Vernon, Fitchburg, MA 01420

7beds

3,414sqft

5+ Family - 5+ Units Up/Down

Built in 1900

-- sqft lot

$-- Zestimate^®

$146/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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What's special

Partial roof replacementVinyl replacementElectric water heater replacementUnit renovationsUpgraded windows

This investment property is a turnkey, 5-unit building near downtown Fitchburg. It is comprised of four one-bedroom apartments and one three-bedroom apartments. This building has seen capital improvements and cost-saving measures, including aluminum siding, several upgraded windows to a vinyl replacement, some unit renovations, partial roof replacement, foundation pointing, and electric water heater replacement. Two apartments will be conveyed vacant for a buyer to establish their rental income. This property is a perfect investment for someone looking for a stable building that can produce a solid return with its low operating expenses, as all tenants pay for their 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 will surely turn a profit for any investor.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 5
Full bathrooms: 5

Heating

Natural Gas, Electric

Appliances

Included: Range, Refrigerator

Features

Living Room, Kitchen
Flooring: Wood, Vinyl, Carpet, Hardwood
Basement: Full,Walk-Out Access,Concrete
Has fireplace: No

Interior area

Total structure area: 3,414
Total interior livable area: 3,414 sqft

Property

Parking

Total spaces: 5
Parking features: Paved Drive, Off Street, Driveway
Uncovered spaces: 5

Features

Patio & porch: Covered
Exterior features: Rain Gutters

Lot

Size: 4,399 Square Feet

Details

Zoning: DB

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down

Materials

Frame
Foundation: Stone, Brick/Mortar
Roof: Shingle,Slate

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range

Community & HOA

Community

Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, University

Location

Region: Fitchburg

Financial & listing details

Price per square foot: $146/sqft
Tax assessed value: $378,400
Annual tax amount: $6,356
Date on market: 12/31/2025
Listing terms: Contract
Total actual rent: 24350
Road surface type: Paved

Price history

Date	Event	Price
12/13/2024	Sold	$500,000-9.1%$146/sqft
Source: MLS PIN #73309769 Report a problem
11/18/2024	Contingent	$550,000$161/sqft
Source: MLS PIN #73309769 Report a problem
11/5/2024	Listed for sale	$550,000$161/sqft
Source: MLS PIN #73309769 Report a problem
5/7/2024	Listing removed	$550,000$161/sqft
Source: MLS PIN #73212483 Report a problem
3/26/2024	Contingent	$550,000$161/sqft
Source: MLS PIN #73212483 Report a problem
3/14/2024	Listed for sale	$550,000$161/sqft
Source: MLS PIN #73212483 Report a problem