114 Mechanic Street

Leominster, MA 01453

$675,000
Price
5
Beds
4
Baths
3,465 Sq. Ft.
$195 / Sq. Ft.
3,465
Sq. Ft.
$195
per Sq. Ft.

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...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! Group showings this thursday 11/21 from 4-5:30pm by appointment.
  1. Listed by Luiz Fernando Coelho • 1 Worcester Homes

Property Details for 114 Mechanic Street

Town
Leominster
Area
MA-Leominster
Garage Spaces
2
Parking Spaces
7.00
Parking Spaces Total
9
LISTING UPDATED: 11/18/2024 05:03 PM

Property Details for 114 Mechanic Street

StatusActive
MLS #73302487
Days on Market39
Taxes$7,388 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyWorcester County

Building Information for 114 Mechanic Street

Stories4Residences4Year Built1900Building Size-Lot Size0.15 AC / 6,583 SF

Property Information for 114 Mechanic Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
  • Living Area: 3465.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Range, Refrigerator
  • Basement Features: Full, Concrete Floor, Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Laundry Room, Mudroom, Living Room, Kitchen, Dining Room
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Fencing: Fenced/Enclosed
  • Lot Description: Cleared, Level
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: None
  • Cooling: No
  • Heating: Electric, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Common washer and dryer located in the 1st floor hallway.
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:0041 B:0011 L:0000,1577774
  • Assessments: $509,200
  • Book: 10298
  • Tax Year: 2024
  • Zoning: RA
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Irregular
Income / Expenses
  • Electricity: $2,400.00
  • Annual Expenses Source: Estimated, Owner
  • GOI: $74,160.00
  • GRE: $3,600
  • NOI: $74,160.00
  • Operating Expense: $3,600.00
  • WSE: $1,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,180.00

Property History for 114 Mechanic Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 114 Mechanic Street

Taxable ValueLand$108,300Additions$400,900Total$509,200
Tax Record2024$7,388 ($616 / month)
Home Facts
Baths3Total Finished SqFt3,465 SqFtAbove Grade Finished SqFt3,465 SqFtStories3Lot Size6,583 SqFtStyleTriplexYear Built1900CountyWORCESTERAPNLEOM M:0041 B:0011 L:0000

Schools near 114 Mechanic Street

This home is within Leominster School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Frances Drake School
PublicK to 5

Sky View Middle School
Public6 to 8

Leominster Senior High School
Public9 to 12

Leominster Center For Excellence
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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114 Mechanic Street is a multi-family home for sale in Leominster, MA 01453. This property was listed for sale on October 15, 2024 by 1 Worcester Homes, it's currently listed at $675,000. It has been on the market for a total of 39 days and was last sold on March 31, 2022. This listing's school district is Leominster School District. Nearby schools include Frances Drake School, Sky View Middle School and Leominster Senior High School. 114 Mechanic Street is a 5-bed, 4-bath, 3,465 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 1 Worcester Homes, Luiz Fernando Coelho

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.