DC Fortune 501 LLC is offering a unique investment opportunity either for sale or joint venture / partnership for the development of student housing for Fitchburg State University in downtown Fitchburg, MA. The development consists of the substantial renovation of two commercial buildings on 491-499 & 533 Main Street and vertical construction of a third building located on 18 Blossom Street. The buildings can be purchased separately or together. The breakdown is as follows:

491-499 Main St - $720,000

533 Main St - $680,000

18 Blossom St - $670,000

When completed, the three buildings will provide 32 suites of certified, off-campus, student housing for 159 university students. Additionally, both Main Street buildings will yield approximately 8,000 square feet of leasable commercial retail space (up to $11,000 a month). Internal demolition permits have been obtained to gut the interior of the buildings and prepare them for construction.

The owner of these 3 projects, DC Fortune 501, LLC, is offering equity partnership for up to 35% of the net income. Financing (including Seller financing) is available.

The two downtown buildings on Main Street were built for commercial use. Building 533 Main Street was constructed in 1894 as a YMCA. Building 491-499 Main Street was built in the 1920' s as a downtown retail location with offices and light manufacturing on the upper floors. Building 18 Blossom Street will be new construction. The three buildings comprise more than 82,000 square feet of space (including basements).

Properties are walking distance to Fitchburg State College, commuter rail and bus station, and are 200 ft from main Police headquarters and 100 ft across from Municipal parking garage.

Anticipated annual rents will be $1,431,000. Approximate rents per building if you were to buy the building separately is as follows:

491-499 Main St - $53,000/month

533 Main St - $42,000/month

18 Blossom St - $40,000/month