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43 Adams St, Leominster MA 01453

$519,900

Estimated $1,310.94/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $173,300

Total Rent: 46800/year

Estimated CAP Rate: 7.92%

9 Bedrooms

3 Full Baths

3,198 SqFt

Total Parking: 6

2,921 SqFt

Looking for a great investment property? This large, centrally located 3 family home with access to public transportation fits the bill. . All units have 3 bedrooms, eat-in kitchens, pantry, 1 bath and living room. They are separately metered so tenants pay their own heat and electric bills. The rubber roof was replaced less than 5 years ago, windows are all thermo-pane, parking for more than 6 vehicles and lead certs for each apartment. Rents are under market so there's upside opportunity.

This home has been viewed 35 times

Last Checked: May 7th, 2024 at 8:16am (Source: MLS PIN #73102881)

Gross Income: $46,800

Gross Expenses: $5,615

Net Income Calc: $41,185

CAP Rate: 7.92%

Annual Expenses for 43 Adams St, Leominster MA 01453

Total Gross Expenses (Calculated)$5,615/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,615

Annual Income & Unit Breakdown for 43 Adams St, Leominster MA 01453

Total Gross Income (Calculated)$46,800

Unit 1

Rental Income$1,200

LeaseY

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

HeatingYes

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

Unit 3

Rental Income$1,200

LeaseN

Bedrooms3

Bathrooms3 Full

Floor3

Levels in Unit1

HeatingYes

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

General Information for 43 Adams St, Leominster MA 01453

Listing ID73102881

Property TypeMulti Family / 3 Family

Price$519,900 ($162.57/SqFt)

Style3 Family

CityLeominster

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,198 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking6

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area1025

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 43 Adams St, 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$29,040

Total Net Income By Broker$29,040

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 43 Adams St, Leominster MA 01453

Real Estate Taxes$5,615

Tax Year2023

Assessed Value$361,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$29,040

BostonRealEstate.com Gross Income

Total Net Income By Broker$29,040

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.92%

Location Information for 43 Adams St, Leominster MA 01453

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHouse Of Worship, Public School, Shopping, Golf, Medical Facility, Public Transportation, T-station

Contact Information for 43 Adams St, Leominster MA 01453

Agent

Name: Scott Simpson

Office

Name: Century 21 North East

Phone: 978-537-5100

Payment Calculator

, Interest

Property Taxes 467.92

Principal & Interest 3203.46

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Scott Simpson

Agent Phone

Office Phone

(978) 537-5100

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

Closed

43 Adams St, Leominster MA 01453

$519,900

Annual Expenses for 43 Adams St, Leominster MA 01453

Annual Income & Unit Breakdown for 43 Adams St, Leominster MA 01453

General Information for 43 Adams St, Leominster MA 01453

Disclosures for 43 Adams St, Leominster MA 01453

Financial Information for 43 Adams St, Leominster MA 01453

Location Information for 43 Adams St, Leominster MA 01453

Contact Information for 43 Adams St, Leominster MA 01453

Agent

Office

Payment Calculator

Exclusive Listing Agent

Century 21 North East

Scott Simpson