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50 West Leominster , MA 01453

$11,000

You save 1% of the purchase

14 bed | 6 bath | 4,788sqft | $4,915 est. monthly cost

$1,100,000

List Price

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Home Information

17 Rooms

14 Bedrooms

6 Bathrooms

10 Parking

Rare Investment opportunity; Downtown Leominster. First time available in 21 years! Building completely re-constructed after fire ~2005; all remodeled, furnished units. High quality, meticulously maintained 13 unit Licensed Lodging House; 11 private rooms with shared baths/kitchen & 2 full 2 bdrm apts. $8100/mo gross income. Property Manager in place with 100% occupancy rate. Units have strong rental history & low expenses. Well respected drug & alcohol free establishment. Features include transferable SOR license, 3 Heating/Cooling zones, newer boilers, water heaters and electric meters, fire suppression system wired to fire dpt. 2 blocks away,10 parking spaces, newly paved driveway with yard & shed & shop in basement. All systems inspected annually. This building offers many possibilities for expansion/increased revenue potential. MLS doesn't allow space for all units, so Unit 1 denotes 11 single bedrooms. Unit 2 & 3 denote 2 bedroom apartments; 1 occupied by facilities mgr

  • Property type

Multi-family

  • # of Bedrooms

14

  • # of Bathrooms

6

  • # Number of Units

13

  • Year Built

1900

  • Size

4,788

  • Lot Size

11,325

  • HOA

None

  • Basement

Yes

  • Heating

  • Total Parking

10

  • Roof Material

Asphalt/Fiberglass Shingles

  • Flooring

Wood,Vinyl,Wall to Wall Carpet

Certain information contained herein is derived from information provided by parties other than Nuhom.co. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
*Savings is based on eligible homes, purchase price, and cooperative commission rate. 

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