Unit Information
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.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Zip Code: 01453
- Living Levels: 8
- Parking
- Parking: Paved Drive, Off Street
- Parking Spaces: 8
- Rooms and Dimensions
- Total Units: 5
- Total Floors: 8
- Total Rooms: 14
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$599,900
- Listing ID: 73302438
- Bedrooms: 5
- Full Baths: 4
- Half Baths: 1
- Living Area: 2,868 sqft Convert
- Lot Size: 7,029 sqft Convert
- Acres: 0.16
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Luxury Residential Group
(617) 233-5800
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When you are ready, please contact us and we will put our unrivaled knowledge of the Boston real estate market to work for you. Whether you are buying a luxury condo or renting a luxury apartment, we pledge to make your experience as stress free and enjoyable as possible.
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |