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58 Grove Ave

Leominster, MA 01453
$825,000
12 Beds
4/2 Baths
5,498 Living Area
  • Property Description
    UPDATE - 10 mini-splits being installed in rooms on 1st & 2nd floors. 12-Unit Rooming House available for sale. Great location, walking distance to downtown area with restaurants, public transportation, area amenities, shopping as well as close to commuter train and highway access. Excellent opportunity for a new owner, user or investor to add value and increase cash flow. First floor consists of the common Kitchen, Living Room and laundry. 4 full baths and 2 1/2 baths. All renters are TAW. Current valid Leominster Rooming House. Leominster's growth and demand for housing make this an ideal investment opportunity for long-term income potential. Updates include: fully insulated, all new windows (2023), new 400 amp electric service w/ potential for separately metered to each bedroom, planned separate heat/AC units in each bedroom, sprinkler system, new reinforced LVL beams & steel beams, new hot water tank (2023) and more. Do not miss your chance to grow your rental portfolio!
  • Highlights
    • Parking Spots: 8
    • Property Type: 5+ Family - Rooming House
    • Year Built: 1900
    • Property Class: Residential Income
    • Total Rooms: 16
    • Status: Closed
  • Additional Details
    • Basement: Full, Interior Entry, Sump Pump, Concrete, Unfinished
    • Exterior Features: Porch, Screens
    • Interior Features: Living Room, Kitchen, Other (See Remarks)
    • Total Number of Units: 12
    • Year Built Source: Public Records
    • Construction: Frame
    • Foundation: Stone
    • Roof: Slate
    • Year Built Details: Approximate
    • Zoning: Res
  • Amenities
    • Community Features: Sidewalks
    • Parking Features: Paved Drive, Off Street, Paved
  • Utilities
    • Electric: Circuit Breakers
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $689,900
    • Compensation Based On: Net Sale Price
    • Taxes: $11,425
    • Buyer Agent Compensation: 2%
    • Tax Year: 2022
    • Total Rent: $4,000

Location

58 Grove Ave, Leominster, MA 01453

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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 Atlantic Coast Homes,Inc. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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