Back on the Market due to Buyers Financing!! Are you looking to build a mix use 17 unit apartment building? Already approved by the Fitchburg Planning Board in 2025, this project will allow a buyer to build 17 Residential Apartments, office space and a drive under garage which includes 27 parking spaces. The plan includes 1 and 2 bedroom apartments, 2 levels of living space, and additional storage in the basement. The building offers over 34,000 Sq Ft of space, is adjacent to a 200+ public parking garage, and is only 1/4 mile to MBTA commuter rail as well as Fitchburg State University. The space is gutted and ready to be developed.
424-438 Main St, Fitchburg, MA, 01420
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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