Sold!
$881,000
11
Beds
5
Baths
4,396
Living Area
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Property Description
Great investment opportunity in the heart of Leominster! This five unit property sitting on almost 3/4 of an acre has great value add potential with low overhead expense. Separate utility with electric heat and hot water provide for no boiler repairs or replacement costs. Potential for additional units to be built. Long standing tenants with $103,800 in gross rents. Come see this amazing offering at a 7% Cap.
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Highlights
- Heating: Electric
- Parking Spots: 20
- Property Type: 5-9 Family
- Total Rooms: 21
- Status: Closed
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1900
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Additional Details
- Basement: Partial, Interior Entry, Concrete, Unfinished
- Exclusions: Some Tenants Have Their Own Fridge And Stove
- Foundation: Granite
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Bb
- Construction: Frame
- Flooring: Tile, Vinyl, Varies, Laminate, Hardwood
- Lot Features: Gentle Sloping, Level
- Roof: Slate, Rubber
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Laundromat, Sidewalks
- Parking Features: Off Street, Tandem, Unpaved
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $637,900
- Tax Year: 2025
- Total Rent: $8,650
- Rental Fee Includes: Unit 1(Hot Water), Unit 2(Hot Water), Unit 3(Hot Water), Unit 4(Hot Water)
- Taxes: $8,949
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Coldwell Banker Realty - Lexington.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
