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You are here:
Home Massachusetts Leominster Multi-Family Homes for Sale

94 Central St Leominster, MA 01453

Contingent
Price Reduced $15,000
37 Photos
$584,900
5 Unit
6 Beds
5 Baths
2868 SQFT
0.16 Acre
94 Central St
Leominster, MA 01453

Property 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.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 8
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Amenities: Highway Access, Medical Facility, Park, Public Transportation, Shopping, T-Station
  • Basement Features: Dirt Floor
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Appliances: Range, Refrigerator
  • Common Heating: Electric, Extra Flue, Forced Air, Forced Air, Gas, Heat Pump, Oil, Space Heater

Financial

  • APOD Available: Yes
  • Gross Operating Income: 69600
  • Gross Expenses: 21667
  • Net Operating Income: 47933

Utilities

  • Electric Info: 100 Amps, Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Hot Water
  • Under Lease: Yes
  • Floors: 1

Unit 2 Description

  • Included in Rent: Hot Water
  • Under Lease: Yes
  • Floors: 2

Unit 3 Description

  • Included in Rent: Hot Water
  • Under Lease: Yes
  • Floors: 2

Unit 4 Description

  • Included in Rent: Hot Water
  • Under Lease: Yes
  • Floors: 3

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Brick, Poured Concrete
  • Roof Material: Shingle, Slate
  • Flooring Type: Hardwood, Vinyl / VCT, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73302438
  • Last Updated: 11/20/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/11/2024Contingent$584,900$204MLSPIN
11/02/2024Active$584,900$204MLSPIN
10/29/2024Price Change$584,900$204MLSPIN
10/19/2024Active$599,900$209MLSPIN
10/15/2024New$599,900$209MLSPIN
03/27/2011Expired$296,000$103MLSPIN
03/27/2010Active$296,000$103MLSPIN

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Map & Resources

Spruce Street School

School

0.09mi

Leominster Center for Excellence

School

0.32mi

Bennett School

Public Elementary School, Grades: PK

0.37mi

St Anna School

Private School, Grades: PK-8

0.44mi

St. Anna School

Private School, Grades: PK-12

0.45mi

St. Leo School

Private School, Grades: PK-8

0.49mi

St Leo

Private School, Grades: PK-8

0.51mi

Frances Drake School

Public Elementary School, Grades: K-5

0.71mi

Starbucks

Coffee Shop

1.17mi

Papa John's

Pizzeria

0.27mi

Panera Bread

Sandwich & Bakery (Fast Food)

0.89mi

Chipotle

Mexican (Fast Food)

1.03mi

McDonald's

Burger (Fast Food)

1.35mi

Bocado Tapas Wine Bar

Restaurant

0.15mi

The Columbia Tavern

Restaurant

0.16mi

Rye & Thyme

Restaurant

0.23mi

Leominster Fire Department

Fire Station

0.34mi

Leominster Fire Department

Fire Station

1.17mi

Leominster Fire Department

Fire Station

1.48mi

Leominster Police Department

Local Police

0.36mi

Sp Leominster

State Police

1.18mi

Umass Memorial-HealthAlliance Hospital

Hospital

1.13mi

Entertainment Cinemas

Cinema

0.79mi

2 basketball courts

Sports Centre. Sports: Basketball

0.59mi

volleyball

Sports Centre. Sports: Volleyball

0.92mi

football

Sports Centre. Sports: American Football

1.39mi

Leominster State Pool

Swimming Pool. Sports: Swimming

0.81mi

Monument Square

Park

0.26mi

Monument Square Historic District

Park

0.27mi

Carter Park

Park

0.43mi

Barrett Park

Municipal Park

0.59mi

Twelvth Street Field

Municipal Park

0.8mi

Doyle Field

Municipal Park

0.89mi

Doyle Field

Municipal Park

1.05mi

Eagles Field

Private Park

1.31mi

Frances Drake School

Recreation Ground

0.57mi

Leominster State Pool

Recreation Ground

0.72mi

Leominster Lassie League Field Complex

Recreation Ground

0.81mi

Leominster Public Library

Library

0.32mi

Lifetime Center For Family Health

Library

0.71mi

Health Alliance Hospital Library

Library

1.28mi

Supercuts

Hairdresser

1.17mi

Shell

Gas Station

0.97mi

Shell

Gas Station

1.13mi

Speedway

Gas Station

1.36mi

Aspen Dental

Dentist

1.17mi

Ocean State Job Lot

Variety Store

1.39mi

Nouria

Convenience

0.97mi

Shell

Convenience

1.13mi

Speedway

Convenience

1.35mi

Burlington

Department Store

0.84mi

JCPenney

Department Store

0.94mi

The Mall at Whitney Field

Mall

0.82mi

CVS Pharmacy

Pharmacy

1.39mi

Seller's Representative: Candor Realty Group, Four Points Real Estate, LLC
MLS ID#: 73302438

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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.

MLS PIN data last updated at 2024-11-20 10:24:00

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