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Home Massachusetts Fitchburg Multi-Family Homes for Sale

995 Oak Hill Road Fitchburg, MA 01420

$1,159,000
2 Unit
4 Beds
4 Baths
4813 SQFT
1.51 Acre
995 Oak Hill Road
Fitchburg, MA 01420

Property Description

Explore the investment potential of 995 Oak Hill Road, a prime multifamily property poised for significant rental income. Overlooking the scenic 10th and 11th holes at Oak Hill Country Club, this unique estate features a 3,700+ sq ft main house, a private 1,000+ sq ft cottage, and a spacious barn/studio. The main house, renting for $4,200 per month, merges historic charm with modern amenities and includes a luxurious primary suite with a private roof deck. The separate cottage, generating $1,800 per month, provides a cozy, income-producing retreat. Additionally, the barn offers a versatile 2-story space, ideal for business uses or creative endeavors, with potential income of $1,500 per month. With its grand views of one of Central Massachusetts' most beautiful landscapes, 995 Oak Hill Road offers a flexible property design, making it an attractive option for investors seeking a blend of residential and entrepreneurial opportunities in a prestigious setting.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Total Fireplaces: 2
  • Amenities: Golf Course
  • Basement Features: Full
  • Common Rooms: Dining Room, Family Room, Kitchen, Living RM/Dining RM Combo, Living Room, Loft, Office/Den
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub, Bathroom With Tub & Shower, Cedar Closet, Ceiling Fans, Central Vacuum, Country Kitchen, Crown Molding, Pantry, Slider, Stone/Granite/Solid Counters, Storage, Tile Floor
  • Common Appliances: Dishwasher, Dryer, Dryer Hookup, Microwave, Range, Refrigerator, Vacuum System, Vent Hood, Wall Oven, Washer, Washer Hookup
  • Common Heating: Electric Baseboard, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Oil, Oil, Radiant, Radiant

Financial

  • APOD Available: No
  • Gross Operating Income: 72000
  • Net Operating Income: 69600

Utilities

  • Electric Info: 200 Amps
  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: On-Site, Private Sewerage

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Pine, Tile, Vinyl / VCT, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73221815
  • Last Updated: 05/09/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/13/2024Active$1,159,000$241MLSPIN
04/13/2024Active$1,159,000$241MLSPIN
04/09/2024New$1,159,000$241MLSPIN
04/09/2024New$1,159,000$241MLSPIN
12/23/2022Sold$950,001$175MLSPIN
11/13/2022Under Agreement$995,000$183MLSPIN
11/07/2022Active$995,000$183MLSPIN
11/03/2022New$995,000$183MLSPIN

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Map & Resources

Seller's Representative: Jennifer Shenk, Keller Williams Realty North Central
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-09 07:08:00