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185 Union, Leominster MA 01453

$849,900

Estimated $2,046.44/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $141,650

Total Rent: 64800/year

Estimated CAP Rate: 6.68%

13 Bedrooms

6 Full Baths

4,732 SqFt

Total Parking: 10

10,890 SqFt

Great opportunity for investors to build portfolio. 6-unit multi-family in desirable Leominster. All units currently rented and tenants are all TAW with monthly rents of $7,700 ($92,400 annually). Property maintained by professional property manager. 10 Off-street parking spaces, plus plenty of on street parking. Roof, furnaces, and hot water heaters all replaced within last 5 years. Electric system was also updated within last 10 years. Close proximity to schools, shopping and routes 190 & 2, make this a desirable rental property. All separate utilities.

This home has been viewed 50 times

Last Checked: May 7th, 2024 at 5:11am (Source: MLS PIN #73082291)

Gross Income: $64,800

Gross Expenses: $8,020

Net Income Calc: $56,780

CAP Rate: 6.68%

Annual Expenses for 185 Union, Leominster MA 01453

Total Gross Expenses (Calculated)$8,020/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,020

Annual Income & Unit Breakdown for 185 Union, Leominster MA 01453

Total Gross Income (Calculated)$64,800

Unit 1

Rental Income$800

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,600

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 185 Union, Leominster MA 01453

Listing ID73082291

Property TypeMulti Family / 5+ Family

Price$849,900 ($179.61/SqFt)

Style5-9 Family

CityLeominster

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total4,732 SqFt

Approximate Lot Size (Acres)0.25 acres

Total Parking10

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter,Block

Accessible Features

Outdoor Space

ZoningUNKOWN

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 185 Union, Leominster MA 01453

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$91,400

Total Net Income By Broker$80,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 185 Union, Leominster MA 01453

Real Estate Taxes$8,020

Tax Year2022

Assessed Value$484,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$91,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$80,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.68%

Location Information for 185 Union, Leominster MA 01453

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Medical Facility, Laundromat, Public Transportation

Contact Information for 185 Union, Leominster MA 01453

Agent

Name: Joseph Cali

Office

Name: Cali Realty Group, Inc.

Phone: 508-259-9669

Team Members

Name: Lauren Myers

Phone: 973-202-1337

Payment Calculator

, Interest

Property Taxes 668.33

Principal & Interest 5236.81

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cali Realty Group, Inc.

Joseph Cali

Agent Phone

Office Phone

(508) 259-9669

Text Agent Call Agent Call Office

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[id] => 338315
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            [phone] => 508-259-9669
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[owner_occupancy_source] => 
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[pasture_area] => None
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        (
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[perc_test] => Array
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[perc_test_date] => Unknown
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[road_frontage_type] => Array
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    [senior_community] => No
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[sewer_expense] => Array
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    [state_code] => MA
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[terms] => Array
        (
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[timber_acres] => None
    [title_5] => 
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    [total_gross_income] => 64800
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[uffi] => Array
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        )

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[water] => Array
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[water_expense] => Array
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EXIT

Closed

185 Union, Leominster MA 01453

$849,900

Annual Expenses for 185 Union, Leominster MA 01453

Annual Income & Unit Breakdown for 185 Union, Leominster MA 01453

General Information for 185 Union, Leominster MA 01453

Disclosures for 185 Union, Leominster MA 01453

Financial Information for 185 Union, Leominster MA 01453

Location Information for 185 Union, Leominster MA 01453

Contact Information for 185 Union, Leominster MA 01453

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Cali Realty Group, Inc.

Joseph Cali