Mary Foley Real Estate Inc.
Mary Foley Real Estate Inc.

54-56 Mechanic Street, Leominster, MA 01453

Multi-Family

$264,900
Price
$250,000
Sale Price

6
Units
3,290
Approx. GLA
INVESTORS TAKE NOTICE!!!! LUCRATIVE INVESTMENT WITH LONG TERM TENANTS!!! FIVE FULLY OCCUPIED UNITS AND A COMMERCIAL SPACE WITH AN ESTABLISHED BARBER SHOP. SHOP HAS BEEN IN BUSINESS FOR 25+ YEARS. FULL BASEMENT WITH PLENTY OF STORAGE AND A ROOM WITH A COIN OP WASHER / DRYER. SEPARATE ELECTRIC METERS, GAS FIRED FURNACE AND WATER TANK AND HEATED TWO CAR GARAGE UNDER. MANY UPDATES INCLUDING FUSES TO CIRCUIT BREAKERS, FIRE DEPT REQUIREMENT FOR STROBE LIGHTS AND SIREN IN EACH UNIT AND MUCH MORE!! EASY MAINTENANCE AND A CAP RATE OF 12%. PROPERTY IS SITED ON .08 ACRES NEAR TOWN AND MINUTES TO SHOPPING, HIGHWAYS AND ALL AMENITIES!
Highlights
Sale Price: $250,000
Settled Date: 9/29/2016 12:00:00 AM
Basement Features: Full, Walk Out, Interior Access, Garage Access, Concrete Floor
List Price: $264,900
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Sold
Beds: 5
Baths: 6
Half Baths: 1
Units: 6
Year Built: 1870
Year Round: Yes
Approx. GLA: 3,290
MLS#: 72022843
Interior
Basement: Yes
Electric Features: Circuit Breakers, Common
Heating Zones: 7
Flooring: Vinyl, Wall to Wall Carpet, Wood Laminate
Hot Water: Natural Gas, Tank
Rooms: 11
Lead Paint: Unknown
Total Floors: 3
UFFI: No
Exterior
Water: No
Acres: 0.08
Lot Size: 3,529.00
Lot Description: Paved Drive, Easements
Foundation: Fieldstone
Parking Spaces: 2
Parking Features: Off-Street
Road Type: Public, Paved, Publicly Maint.
Color: Green
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: Washer Hookup
Exterior: Vinyl
Exterior Features: Gutters
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $185,600
Taxes: $3,634
Tax Year: 2016
Book/Page: 7165/355
Warranty Available: No
Beach
Beach: No
Expenses
Expenses Source: Owner Provided, Pro. Forma Available
Gross Income: $55,800
Total Rent: $4,700
Net Income: $32,065
 
 
Additional
Amenities: Public Transportation, Shopping, Highway Access, House of Worship, Private School, Public School
Disclosure Declaration: Yes
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 2 0 0 1 0 1 No 1 $850
Unit 2 3 1 0 1 1 0 Yes 1 $750
Unit 3 3 1 0 2 1 0 No 1 $750
Unit 4 3 1 0 2 1 0 No 1 $750
Units Extras
Unit 1
Rent Includes:  Heat, Water, Hot Water  Heating:  Steam, Gas 
Unit 2
Rent Includes:  Heat, Water, Hot Water  Heating:  Steam, Gas  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Heat, Water, Hot Water  Heating:  Steam, Gas  Rooms:  Living Room, Kitchen 
Unit 4
Rent Includes:  Heat, Water, Hot Water  Heating:  Steam, Gas  Rooms:  Living Room, Kitchen 
Map
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The listing office is Mary Foley Real Estate and the listing agent is Mary N. Foley. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. and it's 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. The data was last modified on 6/26/2017 4:35:00 AM.
 
Mary N. Foley
Mary N. Foley
OWNER<br>TOP PRODUCER
Mary Foley Real Estate Inc.