$584,900
94 Central St
Leominster, MA, 01453
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.
Property Details
Price:
$584,900
MLS #:
73302438
Status:
Active Under Contract
Beds:
6
Baths:
4.5
Address:
94 Central St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Leominster
Listed Date:
Oct 15, 2024
State:
MA
Finished Sq Ft:
2,868
Total Sq Ft:
2,868
ZIP:
01453
Lot Size:
7,029 sqft / 0.16 acres (approx)
Year Built:
1900
Units:
5
Schools
Interior
Appliances
Range, Refrigerator
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Flooring
Carpet, Hardwood, Vinyl / V C T
Heating
Forced Air, Natural Gas, Electric
Exterior
Community Features
Public Transportation, Shopping, Park, Medical Facility, Highway Access, T- Station
Parking Features
Paved Drive, Off Street
Parking Spots
8
Roof
Slate
Financial
Tax Year
2024
Taxes
$5,801
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Four Points Real Estate, LLC. 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.
94 Central St
Leominster, MA
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