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Kate Ziegler Romano

kate@arborviewcompanies.com +1(610) 780-8764

$1,229,000

Est. payment - /mo

8 Beds

7 Baths

4,188 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,188 sqft

Price per Sqft $293

MLS Listing ID 73511393

Bedrooms 8

Full Baths 7

Year Built 1920

Annual Tax Amount $7,191

Tax Year 2025

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type 5-9 Family

Property Description

7.10% CAP IN PLACE | ~8.00% PRO FORMA. Seven units, 100% occupied, no capital work needed.44 Winter Street delivers what most Fitchburg multifamily can't: current income at a 7.10% cap with no deferred maintenance waiting on the other side of closing. The property has been systematically reinvested in, and an incoming buyer inherits the benefit. Completed capital improvements include full electrical upgrade with individual panels and meters, heating system replacements in most units, a renovated laundry room, new garage roof and door, upgraded exterior egress and emergency lighting, and comprehensive landscaping. Most units are individually gas metered, with separation infrastructure already in place at the remainder requiring only final connection. Unit mix is six one-bedrooms and one two-bedroom. Five are fully renovated; the remaining two are in strong condition. In-place gross income is $121,200. Two units are tenant-at-will, giving a new owner the ability to take rents to market immediately rather than waiting on lease expirations. Fourteen off-street parking spaces, two per unit, on a large lot, plus a garage available for supplemental income. Parking at that ratio is genuinely scarce in this submarket and it shows up in both tenant retention and rent achievability. Turnkey and priced for an investor who wants an excellent addition to their portfolio.

Location

State MA

County Worcester

Zoning RC

Direction Summer St to Winter St

Rooms

Basement Full, Interior Entry, Concrete, Unfinished

Interior

Interior Features Living Room, Kitchen

Heating Natural Gas, Floor Furnace

Cooling Window Unit(s)

Flooring Vinyl, Hardwood

Appliance Range, Refrigerator

Exterior

Garage Spaces 2.0

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, University

Roof Type Shingle,Rubber

Total Parking Spaces 18

Garage Yes

Building

Lot Description Other

Story 5

Foundation Concrete Perimeter, Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by NAI Glickman Kovago & Jacobs

NEARBY SCHOOL & BUSINESS

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Kate Ziegler Romano

+1(610) 780-8764

Broker Associate License ID: 9577283

44 Winter St Fitchburg, MA 01420

Kate Ziegler Romano

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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