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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
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
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Property type
Multi-family
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# of Bedrooms
14
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# of Bathrooms
6
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# Number of Units
13
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Year Built
1900
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Size
4,788
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Lot Size
11,325
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HOA
None
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Basement
Yes
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Heating
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Total Parking
10
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Roof Material
Asphalt/Fiberglass Shingles
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Flooring