NOT LISTED FOR SALE

71 Pleasant St Leominster, MA 01453

7 Beds
3 Baths
9,508 Sq Ft
0.66 Acres

Last Sold January 26, 2023

Last sale price $750,000 $79 Per Sq Ft

46 Days on Market

Highlights

  • 0.66 Acre Lot
  • Property is near public transit
  • Level Lot

About This Home

As of January 2023

Mixed Use Apartment/Office building currently consists of 2 apartments and 7 office suites (2 vacant) for a total of 9 units. Located about 1/4 mile outside of downtown Leominster. Convenient to bus lines. Current occupants include both apartments, a church, and other office tenants. Could easily be converted to more/all apartments with city approval and more than double current income. All tenants are on month-to-month leases. Listing includes attached lot at 0 Morse Place.

Last Agent to Sell the Property

Bruce Gallant

Century 21 North East Listed on: 09/09/2022

Century 21 North East

Last Buyer's Agent

Eric Callahan

Prospective Realty INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,753

Year Built

  • Built in 1925

Lot Details

  • 0.66 Acre Lot
  • Level Lot

Home Design

  • 9,508 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Slate Roof
  • Concrete Perimeter Foundation
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • 20 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Additional Features

  • Property is near public transit
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,690
  • Rent includes unit 1(heat electric water hot water), unit 2(heat electric water hot water), unit 3(heat water hot water), unit 4(heat electric water hot water)
  • Tax Block 0012
  • Assessor Parcel Number M:0003 B:0012 L:0000,1577020

Community Details

Overview

  • 10 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,753

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1925
  • Buyer Agency: 2.0
  • Transaction Broker: 1.0
  • Year Built Details: Unknown/Mixed
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 9508
  • Stories Total: 5
  • MAIN LO: AN4339
  • LIST PRICE PER Sq Ft: 99.92
  • PRICE PER Sq Ft: 78.88
  • MAIN SO: AN2243

Exterior Features

  • Construction Materials: Frame, Brick, Stone
  • Foundation Details: Concrete Perimeter
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Slate
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 20

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, House of Worship
  • Rent Includes: Unit 1(Heat,Electric,Water,Hot Water), Unit 2(Heat,Electric,Water,Hot Water), Unit 3(Heat,Water,Hot Water), Unit 4(Heat,Electric,Water,Hot Water)

Lot Info

  • Parcel Number: M:0003 B:0012 L:0000,1577020
  • Zoning: COM
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.66
  • Lot Size Area: 0.66
  • Lot Size Sq Ft: 28563
  • Lot Size Units: Acres
  • PAGE: 348
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12753
  • Tax Block: 0012
  • Tax Book Number: 3554
  • Tax Lot: 0000
  • Tax Map Number: 0003

Multi Family

  • Gross Income: 74040
  • Net Operating Income: 19200
  • Number Of Units Total: 10
  • Total Actual Rent: 4690
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2000
Sold by
Hatziiliades Maximos and Hatziilaides Savvas
Bought by
Parker Rt and Horgan Mark D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
8.26%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Parker Rt $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hatziiliades Maximos $250,000
Closed Hatziiliades Maximos $224,000
Previous Owner Hatziiliades Maximos $258,750
Previous Owner Hatziiliades Maximos $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2023 01/26/23 Sold $750,000 -21.1% $79 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $950,000 -- $100 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $10,883 $775,700 $95,300 $680,400
2024 $10,716 $738,500 $90,800 $647,700
2023 $12,945 $833,000 $90,800 $742,200
2022 $12,028 $726,300 $78,900 $647,400
2021 $11,908 $656,800 $78,900 $577,900
2020 $11,809 $656,800 $78,900 $577,900
2019 $9,366 $505,200 $78,900 $426,300
2018 $0 $491,400 $65,100 $426,300
2017 $1,681 $491,400 $65,100 $426,300
2016 $10,900 $556,700 $65,100 $491,600
2015 $10,822 $556,700 $65,100 $491,600
2014 $10,291 $544,800 $60,000 $484,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73034852

MLS Property Information Network (MLS PIN)

APN: LEOM-000003-000012