Investing in Fitchburg, MA

[Brian Ortins]

I am reaching out to all of the Massachusetts investors on BP regarding investing in multi-family properties in Fitchburg, MA. I have found quite a few multis in Fitchburg, but do not know much about the area. What are your thoughts?

[Paul Sorgi]

Here are some links to information on Fitchburg. Unemployment rate stands out to me.

Fitchburg is the third largest city in Worcester County, Massachusetts, United States. The population was 40,318 at the 2010 census. Fitchburg is home to Fitchburg State University as well as 17 public and private elementary and high schools. Wikipedia

Area: 28.1 sq miles (72.78 km²)
Population: 40,411 (2012)
Unemployment rate: 10.2% (Jul 2013) Colleges and Universities: Fitchburg State College, Henris School of Hair Design Fitchburg economic development plan
http://www.ci.fitchburg.ma.us/government/departments/economic_development/default.cfm
Assessor maps and tax rates
http://fitchburgma.gov/government/departments/assessors/assessormain.cfm

Fitchburg Housing Authority
50 Day St., Fitchburg, MA 01420 978-345-1963

Link to Section 8 Rents page 23 has rents for Fitchburg
http://www.huduser.org/portal/datasets/fmr/fmr2013p/FY2013B_SCHEDULE_B.pdf