Multifamily
5 Gibson Pl
5 Gibson Pl, Fitchburg, MA 01420
Listing Price: $1,200,000
Investment Overview
5 Gibson Pl is a six-unit, 18 bedroom apartment building off Main St in Fitchburg, MA. Tenant utilities are separately metered by unit, there is off street parking available, and each unit has been recently renovated. The current NOI is ~$110,000, and there is capacity with the in-place rents for increases.
5 Gibson Pl offers investors strong in-place cash flow in a market that has low vacancy and strong rent growth, which creates an investment opportunity with immediate upside and a resilient future outlook.
5 Gibson Pl
Investment Highlights
- 5 Gibson Pl offers investors very strong cash flow at the price point. This property gives an investor a strong cash return at an accessible basis.
- Few properties in the area offer this high a bedroom count within a more easily manageable six-unit building. This rare configuration enhances long-term income and stability.
- Fitchburg continues to benefit from ongoing downtown revitalization, and consistent growth at Fitchburg State University. These trends support future rent growth and asset appreciation.
Exclusively Listed By
Listing Price: $1,200,000
Investment Highlights
- 5 Gibson Pl offers investors very strong cash flow at the price point. This property gives an investor a strong cash return at an accessible basis.
- Few properties in the area offer this high a bedroom count within a more easily manageable six-unit building. This rare configuration enhances long-term income and stability.
- Fitchburg continues to benefit from ongoing downtown revitalization, and consistent growth at Fitchburg State University. These trends support future rent growth and asset appreciation.
Investment Overview
5 Gibson Pl is a six-unit, 18 bedroom apartment building off Main St in Fitchburg, MA. Tenant utilities are separately metered by unit, there is off street parking available, and each unit has been recently renovated. The current NOI is ~$110,000, and there is capacity with the in-place rents for increases. 5 Gibson Pl offers investors strong in-place cash flow in a market that has low vacancy and strong rent growth, which creates an investment opportunity with immediate upside and a resilient future outlook.
Exclusively Listed By
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