NOT LISTED FOR SALE

234 Mechanic St Leominster, MA 01453

8 Beds
4 Baths
4,362 Sq Ft
5,437 Sq Ft Lot

Last Sold October 23, 2023

Last sale price $730,000 $167 Per Sq Ft

4 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Park
  • City View
  • Screened Porch
  • 5-minute walk to Frankie Fortuna Skatepark

About This Home

As of October 2023

**OFFER DEADLINE MONDAY 8/28 at 5pm**RARE opportunity to own this amazing 4 unit money maker in the heart of Leominster! This property has been meticulously taken care of by the current and previous owners, and it shows. Low maintenance vinyl siding and windows are in great shape with a young (approx. 12yr old) rubber roof. The large driveway can comfortably hold 6-8 vehicles which is a great feature for owners/tenants. The 1st, 2nd and one of the 3rd floor units have all been recently updated including newer kitchen cabinets, counter tops, paint, flooring, carpet and vanities. Each unit has separate utilities with gas heat and updated breaker panels. The very clean, dry basement has plenty of additional storage and rooms including hookups for 4 sets of washer/dryers. 2 units are currently vacant. This property is perfect for anyone from owner occupied to seasoned investor. Don't miss this one! Group showings 8/26 and 8/27: 12-1:30pm.

Last Agent to Sell the Property

Jeffrey Incutto

BA Property & Lifestyle Advisors Listed on: 08/23/2023

Last Buyer's Agent

Pedro Cordano

Charlesgate Realty Group, llc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,591

Year Built

  • Built in 1900

Lot Details

  • 5,437 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Brick Foundation
  • Block Foundation
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 4,362 Sq Ft Home
  • Screened Porch
  • City Views
  • Basement Fills Entire Space Under The House
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • Paved Parking
  • Open Parking

Location

  • Property is near public transit and schools

Utilities

  • 4 Heating Zones
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $6,600
  • Assessor Parcel Number M:0044 B:0038 L:0000,1577866

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Electric Expense $336
  • Insurance Expense $3,756
  • Water Sewer Expense $1,200
  • Operating Expense $6,292
  • Net Operating Income $72,908

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,591

Year Built

Built in 1900

Lot Details

5,437 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Appliances: Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 8
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Washer Hookup
  • Basement: Full
  • Living Area: 4362
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN7401
  • MAIN SO: AN4339

Exterior Features

  • Exterior Features: Porch - Enclosed,Porch - Screened
  • Foundation Details: Block, Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed, Screened
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 4
  • HEAT ZONES: 4
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Public School, Sidewalks
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1200

Lot Info

  • Parcel Number: M:0044 B:0038 L:0000,1577866
  • Zoning: BB
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5437
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9591

Multi Family

  • Electric Expense: 336
  • Insurance Expense: 3756
  • Net Operating Income: 72908
  • Number Of Units Total: 4
  • Operating Expense: 6292
  • Total Actual Rent: 6600
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3
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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 List to Sale Price per Sq Ft Prior Sale
10/23/2023 10/23/23 Sold $730,000 +1.4% $167 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $719,900 +87.0% $165 / Sq Ft
12/06/2018 12/06/18 Sold $385,000 +1.3% $88 / Sq Ft View Prior Sale
10/22/2018 10/22/18 Pending -- -- --
10/14/2018 10/14/18 For Sale $379,900 0.0% $87 / Sq Ft
07/26/2018 07/26/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $379,900 -- $87 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,409 $670,600 $111,800 $558,800
2024 $8,728 $601,500 $106,500 $495,000
2023 $9,591 $617,200 $92,600 $524,600
2022 $9,063 $547,300 $80,500 $466,800
2021 $6,697 $369,400 $62,700 $306,700
2020 $6,642 $369,400 $62,700 $306,700
2019 $4,340 $234,100 $59,700 $174,400
2018 $4,195 $217,000 $57,900 $159,100
2017 $3,847 $195,000 $54,100 $140,900
2016 $3,628 $185,300 $54,100 $131,200
2015 $3,602 $185,300 $54,100 $131,200
2014 $3,748 $198,400 $59,000 $139,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73151416

MLS Property Information Network (MLS PIN)
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