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Residential Real Estate For Sale
524 Grant St
Leominster, Massachusetts 01453
An Investment property with a 10.5 CAP! 2 Buildings 3840SF & 1650SF on .84 Ac parcel Zoned Commercial, 2 Fam. Unit 1: approx. 2540SF, 10 rooms, hardwood floors, Kit, Liv, 5 br, 2 & 1/2 baths, Lg Laundry rm and Family rm with Fireplace and slider to walk out to patio. Parking for 8 cars, 2 car garage & large basement for storage. Unit 2: approx. 1300SF, 6 rooms, Hard wood floors, 1 br, 1 bath, Lg. Laundry rm and Family rm with Fireplace and slider to walkout patio. Unit 3: 1650SF Contractor Garage w/two 12ft overhead doors, lots of outside storage and access from Woodbury Rd off of Central St. (Rt. 12). According to the city, THIS PROPERTY IS SUB-DIVIDABLE! Estimated Monthly Income $4000. Gross Yrly income $48,000. Expenses: Insurance: $2000, Maint/Plowing: $3360 (7%), Taxes: $5100, Vacancy Rate:$2400 (5%). Total Estimated Net Income: $35,140. Asking price ($369,900) can generate a CAP of 10.5. This calculates to $10.11 sf/yr NNN.
$369,900.00
MLS#:72126349
Listing Office:Keller Williams Realty North Central
Listing Agent:Richard Perkins
Office Phone:(978) 840-9000
Bedrooms:6
Bathrooms:3
Half Baths:1
Address: 524 Grant St
City:Leominster
State:Massachusetts
ZIP Code:01453
Property Type:Multi-family
Lot Size:36747.00
Property Size:3840.00
Year Built:1965
Parking Spaces:8
Parking Feature:Off-Street,Paved Driveway,Unpaved Driveway
Exterior Features:Deck,Patio,Barn/Stable
Flooring:Vinyl,Hardwood
Instruction:Pre-Qualification letter required prior to showing.
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