89-93 Petersham Road Athol — Photo 1 of 4
$350,000
Investment Analysis — 89-93 Petersham Road
Athol, MA 01331
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a home in 01331 carries an estimated $1,070/mo in gross rent — about a 2.42% cap rate and $8,477/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.
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The parcel of land composed of 35.32 acres is already subdivided into 5 lots ranging from 4.89 acres to 9.41 acres. Owner will consider selling individual lots.1000 feet of frontage on Petersham Road near the entrance to Route 2.. Terrain is sloping. Close by is the Market Basket shopping plaza with stores, restaurants, banks and other businesses. Zoned Industrial/Commercial, there are many possibilities for the development of this land.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
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Public Transportation • Shopping • Walk/Jog Trails • Golf • Medical Facility • Laundromat
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Listing Agent: Frances Godin
Listing Office: Godin Real Estate
MLS® Number: 73566749
