Leominster 5 Bed 5 Bath Multi-Family Home for Sale

5 Days on Boston Pads

37 Photos

$599,900

5 Unit

5 Beds

5 Baths

2868 SQFT

0.16 Acre

94 Central St

Leominster, MA 01453

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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. OPEN HOUSE: Sat 10/19 11AM-12PM and Sun 10/20 1-2PM.

Property Overview

Property Details click or tap to expand

Building Information

Total Units: 5
Total Floors: 8
Total Bedrooms: 5
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

Under Lease: Yes
Floors: 2

Unit 4 Description

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: 10/19/24

Property History click or tap to expand

Date	Event	Price	Price/Sq Ft	Source
10/19/2024	Active	$599,900	$209	MLSPIN
10/15/2024	New	$599,900	$209	MLSPIN
03/27/2011	Expired	$296,000	$103	MLSPIN
03/27/2010	Active	$296,000	$103	MLSPIN

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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

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 2024-10-19 03:05:00

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