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Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 465-473 Water Street in Fitchburg, Massachusetts (the “Property”). The four-story building contains six residential units consisting of five (5), 2-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom unit with 6,047 square feet of living space in 9,474 square feet of gross area on a 0.14-acre parcel. Each unit is separately metered for electricity, heat, and hot water which the tenants pay directly. The Landlord is responsible for domestic water and sewer and common area electric. The in-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.Downtown Fitchburg is a densely developed, mixed use neighborhood centered around Main Street, the Nashua River and the MBTA rail station.

Property Details of 465-473 Water Street

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Listed by Ryan Benton and Spencer Norton, Horvath & Tremblay

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