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Leominster,MA 01453
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,868 sqft
Price per Sqft $203
MLS Listing ID 73302438
Bedrooms 6
Full Baths 4
Half Baths 1
Year Built 1900
Annual Tax Amount $5,801
Tax Year 2024
Lot Size 6,969 Sqft
Property Description
Attention Investors! Explore this exceptional multifamily investment opportunity in the heart of downtown Leominster! This fully occupied 5-unit property spans three levels and includes two 1-bedroom units, a studio, and two commercial spaces. Currently producing a 7.9% cap rate, this property offers not only immediate income but also potential for future rent increases, as most units are nearing market rent. Recent upgrades include new water heaters and furnaces installed in 2023 and a new front deck, ensuring efficiency and reliability. With a driveway on each side and ample parking in the rear, it provides convenience for tenants and businesses alike. Don?t miss out on this promising investment! Buyer/Buyer's agent to do own due diligence. Listing agency has vested interest. Seller has never occupied property.
Location
State MA
County Worcester
Zoning BB
Interior
Heating Forced Air,Natural Gas,Electric
Flooring Carpet,Hardwood,Vinyl / VCT
Exterior
Community Features Public Transportation,Shopping,Park,Medical Facility,Highway Access,T-Station
Waterfront false
Roof Type Slate
Building
Story 8
Foundation Concrete Perimeter,Brick/Mortar
Sewer Public Sewer
Water Public