94 Central Street

Leominster, MA 01453

$584,900
Price
6
Beds
4
Baths
1
1/2 Bath
2,868 Sq. Ft.
$204 / Sq. Ft.
2,868
Sq. Ft.
$204
per Sq. Ft.

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...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.
  1. Listed by Candor Realty Group • Four Points Real Estate, LLC
  2. Listed by Steve Bui • Four Points Real Estate, LLC

Property Details for 94 Central Street

Town
Leominster
Area
MA-Leominster
Garage Spaces
0
Parking Spaces
8.00
Parking Spaces Total
8
LISTING UPDATED: 11/02/2024 03:07 AM

Property Details for 94 Central Street

StatusActive
MLS #73302438
Days on Market20
Taxes$5,801 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1900
CountyWorcester County

Building Information for 94 Central Street

Stories8Residences5Year Built1900Building Size-Lot Size0.16 AC / 7,029 SF

Property Information for 94 Central Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, T-Station
  • Living Area: 2868.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Dirt Floor
  • Num of Baths: 5.0
  • Num of Full Baths: 4
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 4.50
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Carpet, Hardwood, Vinyl / VCT
  • Interior Features: Living Room, Kitchen, Living RM/Dining RM Combo
  • SpaYN: No
Exterior Features
  • Exterior Features: Porch
  • Patio And Porch Features: Porch
  • Roof Material: Slate
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: 100 Amp Service
  • Heating: Forced Air, Natural Gas, Electric
  • 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
  • Road Surface Type: Paved
  • Disclosures: Unit 1 tenant currently occupies both commercial spaces. Seller has never occupied property and has limited knowledge. Ring camera on premises. Buyer/Buyer's agent to do own due diligence. Listing agency has vested interest.
Tax Information
  • Tax ID: M:0093 B:0002 L:0000,1578951
  • Assessments: $399,800
  • Book: 9729
  • Tax Year: 2024
  • Zoning: BB
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 8
Other Building Characteristics
  • Foundation: Concrete Perimeter, Brick/Mortar
Income / Expenses
  • GOI: $69,600.00
  • GRE: $21,667
  • NOI: $47,933.00
  • Operating Expense: $21,667.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 0
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 0
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 0
Unit 4 Description
  • Floor U4: 3
  • Lease U4: Y
Rental Info
Rental Info
  • Total Actual Rent: $5,800.00

Property History for 94 Central 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 94 Central Street

Taxable ValueLand$109,000Additions$290,800Total$399,800
Tax Record2024$5,801 ($483 / month)
Home Facts
Baths5Total Finished SqFt2,868 SqFtAbove Grade Finished SqFt2,868 SqFtStories2Lot Size7,029 SqFtStyleOffice BuildingYear Built1900CountyWORCESTERAPNLEOM M:0093 B:0002 L:0000

Schools near 94 Central 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

Samoset 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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94 Central Street is a multi-family home for sale in Leominster, MA 01453. This property was listed for sale on October 15, 2024 by Four Points Real Estate, LLC, it's currently listed at $584,900. It has been on the market for a total of 20 days and was last sold on June 30, 2015. This listing's school district is Leominster School District. Nearby schools include Frances Drake School, Samoset School and Leominster Senior High School. 94 Central Street is a 6-bed, 4.5-bath, 2,868 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 Four Points Real Estate, LLC, Candor Realty Group; Four Points Real Estate, LLC, Steve Bui

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.