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    332 Kimball St Fitchburg, MA 01420

    For Sale
    $1,065,000

    Six-unit property with income potential in Fitchburg, Massachusetts.

    Lot size:
    0.29 Acres

    Property Features for 332 Kimball St

    General Information

    Lot size
    0.29 Acres

    Building Details

    Year built
    1920

    Source: Century 21 North East Agent Gesiane Soares

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fitchburg Six-Unit Investment Opportunity

    This six-unit property presents an investment opportunity with current rental income exceeding K per month. There is potential for increased income through rent adjustments and unit modifications. The property's two-bedroom units can be converted into three-bedroom units, potentially creating six three-bedroom units. Over the past eight years, the property has undergone upgrades, including remodeled kitchens and bathrooms, new flooring, updated electrical panels, and added insulation. The property has separate utilities, including six gas boilers and six 60 amp electric panels. Two top units have been remodeled within the last three years and feature kitchens with quartz countertops and stainless steel appliances.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8112298
    Latitude
    42.5843731

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    FAQs

    What type of property is this?
    Apartment building - Six-unit property with income potential in Fitchburg, Massachusetts.
    Where is this apartment building located?
    The property is located at 332 Kimball St Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $1,065,000.
    What are key features of this property?
    This property features: - High Income Potential: Generating significant monthly rental income with substantial growth potential.; - Unit Conversion Opportunity: 2-bedroom units can be converted into 3-bedroom units, further increasing income.; - Recent Upgrades: Remodeled kitchens and bathrooms, new flooring, electrical panels, and added insulation.
    (617) 710-2681
    Request Owner's contact information
    332 Kimball St Fitchburg, MA 01420
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    Fitchburg, MA 01420
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    332 Kimball St Fitchburg, MA 01420
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