196 Water St, Fitchburg, MA
Industrial for Sale - $141,900 - 4,305 Sq. Ft. on 0.07 acres
Property Info
CIMLS# | 1033533 |
Location 196 Water St Fitchburg MA 01420 | |
Updated | March 17th, 2019 |
Type | Industrial |
Price | $141,900 |
Building | 4,305 Sq. Ft. |
Land | 0.07 acres |
Property Description
This mixed use building is set up to have 2 large 3 BR/2 Bath apartments on 2nd and 3rd floors and 2 commercial units on the 1st level. It also comes with a 6272 sqft lot across the street at 203-209 Water Street to be used to satisfy the parking requirements for the city. The owner has finished all the rough plumbing, started the electrical wiring and installed new HVAC units but wants to sell it as is . He has been quoted $85,000 to finish the work and the potential value of the building could be nearly $300,000 based on potential rents. Great opportunity for an investor to finish it off, gain some equity and lease it out. Located within a short distance to the University and Intermodal Station, shopping and downtown.