229 Mechanic St, Fitchburg, MA 01420

Cash Cow! Large units fully rented to Long Term, Paying Tenants!! Not your typical multi-fam, where you're inheriting headaches or low rents. Tenants pay every month & we have full records to prove it. Rents are market rate for 2 units & only a tad below for 2 others but those tenants are so reliable that we haven't increased. Bldg is low maintenance & low overhead w/ NO COMMON AREAS! All 4 units have private front & rear doors, separate utilities & their own light in basement off their panels. No common electric bill whatsoever. Low grounds maintenance, tenants that use the yard, maintain it. No driveway to shovel, tenants park on street right out front. Parking is a breeze because building abuts 2 vacant lots & no bldgs across St. so there's always a spot. Cars do need to be moved for snow emergencies but it works well & tenants don't complain. Units are renovated & in good shape. 5-story Exterior stairs were improved in 2015 W/ PERMITS & SIGNED OFF BY STRUCTURAL ENGINEER & BLDG DEPT