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Expired

48 Chestnut St, Leominster MA 01453

$500,000

Estimated $1,270.83/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $250,000

Total Rent: 42300/year

Estimated CAP Rate: 7.36%

6 Bedrooms

2 Full Baths

2,430 SqFt

Total Parking: 6 (2 Garage)

10,560 SqFt

Situated on an expansive quarter-acre lot this gem is your golden ticket to over $3,500 per month on leases through September 2024! Unit 1: A cozy abode where happy tenants have been for over 6 years. Two bedrooms, one bath, and plenty of charm. Unit 2: Get ready to spread out on the second & third floors! This spacious unit offers 4 bedrooms, 1 bathroom, & more space than you can imagine. It's the perfect canvas for your creative touch. Both kitchens and baths received a stylish update around 2000 - modern living with a touch of nostalgia. Detached Two-Car Garage: Parking, storage, or your secret hideaway - you decide! Superior Slate Roof: It's not just a roof; it's a piece of history that can stand the test of time for hundreds of years. Seize this golden opportunity to invest in your future today!

This home has been viewed 23 times

Last Checked: May 8th, 2024 at 1:36am (Source: MLS PIN #73178942)

Gross Income: $42,300

Gross Expenses: $5,521

Net Income Calc: $36,779

CAP Rate: 7.36%

Annual Expenses for 48 Chestnut St, Leominster MA 01453

Total Gross Expenses (Calculated)$5,521/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,521

Annual Income & Unit Breakdown for 48 Chestnut St, Leominster MA 01453

Total Gross Income (Calculated)$42,300

Unit 1

Rental Income$1,200

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(water, Other (see Remarks)), Unit 2(water

Unit 2

Rental Income$2,325

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(water, Other (see Remarks)), Unit 2(water

General Information for 48 Chestnut St, Leominster MA 01453

Listing ID73178942

Property TypeMulti Family

Price$500,000 ($205.76/SqFt)

StyleMulti Family

CityLeominster

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,430 SqFt

Approximate Lot Size (Acres)0.24 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionGranite

Accessible Features

Outdoor Space

ZoningRA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 48 Chestnut St, Leominster MA 01453

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureMeasurements are approximate and need to be verifi

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$42,300

Total Net Income By Broker$42,300

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 48 Chestnut St, Leominster MA 01453

Real Estate Taxes$5,521

Tax Year2023

Assessed Value$355,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$42,300

BostonRealEstate.com Gross Income

Total Net Income By Broker$42,300

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.36%

Location Information for 48 Chestnut St, Leominster MA 01453

Elementary SchoolNorthwest

Middle SchoolSamoset

High SchoolLeominister Sr

Neighborhood(s)

MLS Area

Area AmenitiesHouse Of Worship, Public School, Shopping, Medical Facility, Public Transportation

Contact Information for 48 Chestnut St, Leominster MA 01453

Agent

Name: John Snyder

Office

Name: Redfin Corp.

Phone: 617-340-7803

Payment Calculator

, Interest

Property Taxes 460.08

Principal & Interest 3080.84

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Redfin Corp.

John Snyder

Agent Phone

Office Phone

(617) 340-7803

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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                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-05-08 01:36:14
                    [modified] => 2024-05-08 01:36:14
                )

[20] => Array
                (
                    [id] => 8361326
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73178942&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-08 01:36:14
                    [modified] => 2024-05-08 01:36:14
                )

)

)

EXIT