NOT LISTED FOR SALE

101 Pleasant St Leominster, MA 01453

28 Beds
12.5 Baths
6,879 Sq Ft
0.57 Acres

Last Sold September 16, 2022

Last sale price $1,950,000 $283 Per Sq Ft

55 Days on Market

Highlights

  • Medical Services
  • Corner Lot
  • 1 Car Garage
  • Property is near public transit
  • Shops

About This Home

As of September 2022

Truly rare opportunity to own this multi-structure, 13 unit investment property! This sale includes 4 separately deeded parcels all sited on one corner in Leominster, consisting of the following breakdowns per building: 5 Units | 3 Units | 2 Units | 2 Units | & Garage. Plenty of off-street parking. Potential for much higher cash flow than present rent roll. Most of these spacious units have been fully renovated including low maintenance vinyl plank flooring, mostly newer windows, kitchens, baths, electrical, high efficiency Navien systems. Most units have laundry hookups available. Newly constructed 5 private storage rooms plus laundry hookups for coin-op would create more cash flow. Opportunity knocking!!

Last Agent to Sell the Property

Kali Delorey

RE/MAX Journey Listed on: 04/20/2022

RE/MAX Journey

Last Buyer's Agent

Kali Delorey

RE/MAX Journey Listed on: 04/20/2022

RE/MAX Journey

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,377

Year Built

  • Built in 1910

Lot Details

  • 0.57 Acre Lot
  • Corner Lot

Parking

  • 1 Car Garage
  • Open Parking
  • Off-Street Parking

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 6,879 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Insulated Doors
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 28 Bedrooms

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $17,850
  • Tax Block 0002
  • Assessor Parcel Number M:0009 B:0001 L:0000,1577095

Community Details

Overview

  • 13 Units

Amenities

  • Medical Services
  • Shops

Building Details

  • Insurance Expense $7,400
  • Water Sewer Expense $6,485
  • Operating Expense $13,885
  • Net Operating Income $179,937

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,377

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1910
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 28
  • Full Bathrooms: 12
  • Half Bathrooms: 1
  • Total Bathrooms: 13
  • Total Bathrooms: 12.5
  • Basement: Full
  • Living Area: 6879
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: AC1949
  • LIST PRICE PER Sq Ft: 290.59
  • PRICE PER Sq Ft: 283.47
  • MAIN SO: AC1949

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar, Other
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 25

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, Public School

Fee Information

  • Water Sewer Expenses: 6485

Lot Info

  • Parcel Number: M:0009 B:0001 L:0000,1577095
  • Zoning: mixed
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.57
  • Lot Size Area: 0.57
  • Lot Size Sq Ft: 24964
  • Lot Size Units: Acres
  • PAGE: 94
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 20377.09
  • Tax Block: 0002
  • Tax Book Number: 8996
  • Tax Lot: 0000
  • Tax Map Number: 0009

Multi Family

  • Gross Income: 214200
  • Insurance Expense: 7400
  • Net Operating Income: 179937
  • Number Of Units Total: 13
  • Operating Expense: 13885
  • Total Actual Rent: 17850
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $1,950,000 -2.5% $283 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
05/10/2022 05/10/22 Price Changed $1,999,000 -9.1% $291 / Sq Ft
04/28/2022 04/28/22 Price Changed $2,200,000 -12.0% $320 / Sq Ft
04/20/2022 04/20/22 For Sale $2,500,000 +1141.9% $363 / Sq Ft
01/05/2018 01/05/18 Sold $201,305 -36.9% $31 / Sq Ft
12/06/2017 12/06/17 Pending -- -- --
11/28/2017 11/28/17 For Sale $319,000 -- $50 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72969057

MLS Property Information Network (MLS PIN)

APN: LEOM M:0009 B:0001 L:0000