94 Central St , Leominster, MA 01453
Leominster, MA 01453
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.
Details
| Mls | 73302438 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Pending |
| Year | 1900 |
| Days On Site | 53 |
| Listing Provided By | Four Points Real Estate, LLC | Candor Realty Group |
Features
| Beds | 6 |
|---|---|
| Baths | 5 Total |
| Sq Feet | 2,868 |
| Basement | Y |
| Storys | 8 |
| Units | 5 |
| Zoning | BB |
| Acreage | 0.16 |
Market Activity 01453
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Learn More About This Property
| State | MA |
|---|---|
| County | Worcester |
| City | Leominster |
| Zip Code | 01453 |
| Area | Worcester |
| Listing VS Median (in 01453) | |
Price: $584,900 low | high Med: $425,000 SqFt: 2,868 low | high Med: 1,989 $ / SqFt: $204 low | high Med: $214 On Site: 53 low | high Med: 4.000000 | |