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

114 Mechanic St Leominster, MA 01453

$685,000
4 Unit
5 Beds
4 Baths
3465 SQFT
0.15 Acre
114 Mechanic St
Leominster, MA 01453

Property Description

**Attention Investors!** Cash-flowing, fully-occupied 3-family home with a bonus loft/in-law suite in a prime location! The property features two 1-bedroom units on the first floor, a spacious 3-bedroom unit on the second floor, and a loft-style in-law suite on the third floor. All units are currently rented with great tenants under lease agreements, ensuring immediate income. Tenants have access to a shared laundry area for added convenience. The property boasts a 2-car detached garage and ample additional parking. Located just minutes from downtown, shops, restaurants, and major highways, this property offers both convenience and appeal for tenants. Perfect for investors looking for a turn-key, cash-flowing opportunity with long-term upside! Don’t miss out!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 7
  • Total Bedrooms: 5
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Public School, Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Mudroom
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Heat Pump, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 74160
  • Gross Expenses: 3600
  • Electric Expenses: 2400
  • Water/Sewer: 1200
  • Net Operating Income: 74160

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Electric, Heat, Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Irregular
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73302487
  • Last Updated: 10/19/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
10/19/2024Active$685,000$198MLSPIN
10/15/2024New$685,000$198MLSPIN

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Map & Resources

Spruce Street School

School

0.28mi

St. Leo School

Private School, Grades: PK-8

0.38mi

St Leo

Private School, Grades: PK-8

0.4mi

Leominster Center for Excellence

School

0.45mi

St Anna School

Private School, Grades: PK-8

0.51mi

St. Anna School

Private School, Grades: PK-12

0.51mi

Bennett School

Public Elementary School, Grades: PK

0.56mi

Frances Drake School

Public Elementary School, Grades: K-5

0.67mi

Papa John's

Pizzeria

0.31mi

Panera Bread

Sandwich & Bakery (Fast Food)

0.69mi

Chipotle

Mexican (Fast Food)

0.81mi

The Columbia Tavern

Restaurant

0.21mi

Bocado Tapas Wine Bar

Restaurant

0.22mi

Rye & Thyme

Restaurant

0.25mi

Umass Memorial-HealthAlliance Hospital

Hospital

1.01mi

Leominster Police Department

Local Police

0.35mi

Sp Leominster

State Police

0.97mi

Leominster Fire Department

Fire Station

0.34mi

Entertainment Cinemas

Cinema

0.58mi

Leominster State Pool

Swimming Pool. Sports: Swimming

0.68mi

2 basketball courts

Sports Centre. Sports: Basketball

0.54mi

Lincoln Woods Wildlife Sanctuary

Land Trust Park

0.75mi

Monument Square

Park

0.28mi

Carter Park

Park

0.28mi

Monument Square Historic District

Park

0.29mi

Twelvth Street Field

Municipal Park

0.68mi

Doyle Field

Municipal Park

0.73mi

Barrett Park

Municipal Park

0.74mi

Doyle Field

Municipal Park

0.89mi

Frances Drake School

Recreation Ground

0.54mi

Leominster State Pool

Recreation Ground

0.7mi

TD Bank

Bank

0.28mi

Santander

Bank

0.73mi

Shell

Gas Station

0.92mi

Leominster Public Library

Library

0.37mi

Lifetime Center For Family Health

Library

0.51mi

The Mall at Whitney Field

Mall

0.62mi

Burlington

Department Store

0.65mi

JCPenney

Department Store

0.75mi

Hannaford

Supermarket

0.27mi

Market Basket

Supermarket

0.56mi

Shell

Convenience

0.92mi

Seller's Representative: Luiz Fernando Coelho, 1 Worcester Homes
MLS ID#: 73302487

© 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 2024-10-19 03:05:00

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