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650 WATER ST
FITCHBURG, MA 01420
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B
What's Special
<p>Why Multifamily Works Here</p><p>✓ Growing population with strong renter age demographics</p><p>✓ Median household income projected to exceed $82,000 by 2029</p><p>✓ Over 40% of residents fall within prime apartment-renter age groups</p><p>✓ Housing supply remains constrained throughout North Central Massachusetts</p><p>✓ Strong regional employment base and commuter accessibility</p><p>✓ High traffic counts and convenient access to major routes</p><p>✓ Unique riverfront setting with natural w
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
