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122 Laurel St 6 Unit Apartment Building Offered at $1,585,275 CAD at a 6.51% Cap Rate Fitchburg, MA 01420
INVESTMENT HIGHLIGHTS
- Renovated 6 Family
- Long Term Tenants
- Off Street Parking
EXECUTIVE SUMMARY
Completely renovated in 2017, this well-maintained 6-family offers turnkey convenience with a full sprinkler system, radio box tied into the fire dept., (6) individual Rinnai on-demand heat and hot water units, updated electrical with separate meters plus a common meter, (6) gas meters, updated plumbing, thermal pane windows, and updated insulation. Each spacious apartment features renovated kitchens with modern cabinets, appliances, and dishwashers in select units, along with updated baths—some with double vanities and custom tile showers. Durable vinyl flooring runs throughout. All units have a second egress, and ample off-street parking is available for all tenants. Utilities are separated except town water/sewer. Basement offers extra storage and workspace. Vinyl siding ensures easy maintenance. Long-term tenants in place.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | FITC-000054-000013 | Improvements Assessment | $649,136 CAD |
| Land Assessment | $140,607 CAD | Total Assessment | $789,743 CAD |
PROPERTY TAXES
Parcel Number
FITC-000054-000013
Land Assessment
$140,607 CAD
Improvements Assessment
$649,136 CAD
Total Assessment
$789,743 CAD
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122 Laurel St
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