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Canceled

213 Mechanic St, Leominster MA 01453

$575,000

Estimated $1,420.94/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $191,666.67

Total Rent: 43200/year

Estimated CAP Rate: 6.49%

8 Bedrooms

3 Full Baths

2,626 SqFt

Total Parking: 10 (5 Garage)

10,240 SqFt

Turnkey 3 family investment property with long term tenants in the heart of Leominster! This property boasts a new roof on both the house and the garage, new furnace, and a newly paved driveway. The first floor unit has 3 bedrooms and heated with a gas boiler. The second floor is also 3 bedrooms and is heated with electric baseboard. The third floor has 2 bedrooms and is heated with electric baseboard heat. Tenants pay their own utilities and are separately metered. Don't miss this opportunity

This home has been viewed 74 times

Last Checked: October 7th, 2024 at 4:19pm (Source: MLS PIN #73207135)

Gross Income: $43,200

Gross Expenses: $5,863

Net Income Calc: $37,337

CAP Rate: 6.49%

Annual Expenses for 213 Mechanic St, Leominster MA 01453

Total Gross Expenses (Calculated)$5,863/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,863

Annual Income & Unit Breakdown for 213 Mechanic St, Leominster MA 01453

Total Gross Income (Calculated)$43,200

Unit 1

Rental Income$1,350

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$1,300

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$950

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 213 Mechanic St, Leominster MA 01453

Listing ID73207135

Property TypeMulti Family / 3 Family

Price$575,000 ($218.96/SqFt)

Style3 Family - 3 Units Up/down

CityLeominster

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,626 SqFt

Approximate Lot Size (Acres)0.24 acres

Total Parking10 (5 Garage)

Garage Parking5 / Detached

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsConventional (2x4-2x6)

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRes

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 213 Mechanic St, Leominster MA 01453

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$43,200

Total Net Income By Broker$43,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 213 Mechanic St, Leominster MA 01453

Real Estate Taxes$5,863

Tax Year2023

Assessed Value$377,300

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$43,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$43,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.49%

Location Information for 213 Mechanic St, Leominster MA 01453

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Private School, University

Contact Information for 213 Mechanic St, Leominster MA 01453

Agent

Name: Daniel Reiser

Office

Name: Keller Williams Realty North Central

Phone: 978-840-9000

Payment Calculator

, Interest

Property Taxes 488.58

Principal & Interest 3542.97

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty North Central

Daniel Reiser

Agent Phone

Office Phone

(978) 840-9000

Text Agent Call Agent Call Office

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EXIT

Canceled

213 Mechanic St, Leominster MA 01453

$575,000

Annual Expenses for 213 Mechanic St, Leominster MA 01453

Annual Income & Unit Breakdown for 213 Mechanic St, Leominster MA 01453

General Information for 213 Mechanic St, Leominster MA 01453

Disclosures for 213 Mechanic St, Leominster MA 01453

Financial Information for 213 Mechanic St, Leominster MA 01453

Location Information for 213 Mechanic St, Leominster MA 01453

Contact Information for 213 Mechanic St, Leominster MA 01453

Agent

Office

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Exclusive Listing Agent

Keller Williams Realty North Central

Daniel Reiser