94 Central St Leominster, MA
$584,900
Beds 6
Baths 4.5
Square Feet 2,868
Acres 0.16
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.
Listed by Four Points Real Estate, LLC, Candor Realty Group
Details
MLS 73302438
Status Pending
Price $584,900
DOM 59 days
Type Multi-Family
Beds 6
Total Baths 4 full, 1 half baths
Square Feet 2,868 sqft
Lot Size 0.16 acres
Year Built 1900
Lot & Building Features
Appliances Range, Refrigerator
Heating Electric, Natural Gas, Forced Air
Sewer Public Sewer
Tax Year 2024
Taxes Paid $5,801
Water Public
Foundation Brick/Mortar, Concrete Perimeter
Interior Features Kitchen, Living Room, Living RM/Dining RM Combo
Roof Slate
Full Baths 4
Half Baths 1
Parking Off Street, Paved Drive
Total Rooms 16
Basement Feature Dirt Floor
Garage Spaces 0
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.