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49-51 Mount Pleasant Ave, Leominster MA 01453

$899,000

Estimated $2,052.05/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $224,750

Total Rent: 66000/year

Estimated CAP Rate: 5.92%

12 Bedrooms

4 Full Baths

4,620 SqFt

Total Parking: 5

5,700 SqFt

Two homes on one deeded lot! A single-family home has three bedrooms and 2 parking spaces on the back. A separate three unit building has three 3-bedrooms apartments with three parking spaces on the front, offering a great opportunity for owner occupancy while generating rental income. This 4-unit income property is ideally situated within walking distance of the town center, perched on a hill for added appeal. Features include paved off-street parking, separate utilities for each unit (natural gas heating, electric, and water heaters), and several recent updates such as a newly paved driveway, hot water tanks, and improved heating systems. All units are currently rented below market value. No leases—all units are tenant-at-will, providing flexibility for the new owner. Conveniently located near major commuter routes, recreation areas, shopping, and more. This is an excellent turn-key investment with significant potential. A rare opportunity—don't miss out!

This home has been viewed 34 times

Last Checked: October 24th, 2024 at 4:19am (Source: MLS PIN #73305235)

Gross Income: $66,000

Gross Expenses: $12,782

Net Income Calc: $53,218

CAP Rate: 5.92%

Annual Expenses for 49-51 Mount Pleasant Ave, Leominster MA 01453

Total Gross Expenses (Calculated)$12,782/year

APOD AvailableNo

Heating

Electricity

Water$3,900

Gas$3,900

Insurance$1,750

Sewer$3,900

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,132

Annual Income & Unit Breakdown for 49-51 Mount Pleasant Ave, Leominster MA 01453

Total Gross Income (Calculated)$66,000

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 4(water)

Unit 2

Rental Income$1,350

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$1,400

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit3

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$1,400

LeaseN

Bedrooms3

Bathrooms1 Full

Floor

Levels in Unit

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 49-51 Mount Pleasant Ave, Leominster MA 01453

Listing ID73305235

Property TypeMulti Family / 4 Family

Price$899,000 ($194.59/SqFt)

Style4 Family

CityLeominster

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total4,620 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking5

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesNo

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

Zoning4 family

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy FeaturesPartial

Terms

Disclosures for 49-51 Mount Pleasant Ave, Leominster MA 01453

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosureprevious appraisal

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$5,650

Total Gross Income By Broker$66,000

Total Net Income By Broker$66,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 49-51 Mount Pleasant Ave, Leominster MA 01453

Real Estate Taxes$7,132

Tax Year2024

Assessed Value$491,500

Financial Data SourceNo

Total Gross Expenses By Broker$5,650

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$66,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$66,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.92%

Location Information for 49-51 Mount Pleasant Ave, Leominster MA 01453

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesNo

Contact Information for 49-51 Mount Pleasant Ave, Leominster MA 01453

Agent

Name: Betty Huang

Office

Name: WinPlus Realty Group

Phone: 617-642-6112

Payment Calculator

, Interest

Property Taxes 594.33

Principal & Interest 5539.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

WinPlus Realty Group

Betty Huang

Agent Phone

Office Phone

(617) 642-6112

Text Agent Call Agent Call Office

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[uffi] => Array
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            [0] => 49-51 Mount Pleasant Ave, Leominster MA 01453
        )

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[water_views] => Array
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[water_views_features] => Array
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EXIT

Withdrawn

49-51 Mount Pleasant Ave, Leominster MA 01453

$899,000

Annual Expenses for 49-51 Mount Pleasant Ave, Leominster MA 01453

Annual Income & Unit Breakdown for 49-51 Mount Pleasant Ave, Leominster MA 01453

General Information for 49-51 Mount Pleasant Ave, Leominster MA 01453

Disclosures for 49-51 Mount Pleasant Ave, Leominster MA 01453

Financial Information for 49-51 Mount Pleasant Ave, Leominster MA 01453

Location Information for 49-51 Mount Pleasant Ave, Leominster MA 01453

Contact Information for 49-51 Mount Pleasant Ave, Leominster MA 01453

Agent

Office

Payment Calculator

Exclusive Listing Agent

WinPlus Realty Group

Betty Huang