BEDS9
BATHS5 full
SQUARE FEET4,165
MLS#73478773
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
The property currently generates approximately $110,784 in gross annual rental income, offering strong in-place cash flow with upside through targeted improvements and operational efficiencies. This 5-unit multi-family investment at 54??56 North Main Street includes 9 bedrooms and 5 full baths across approximately 4,165 sq ft. Units feature a mix of 1- and 3-bedroom layouts, each with its own kitchen and full bath. Set on a 0.53-acre lot, the property offers 11 off-street parking spaces, a full unfinished basement for additional storage, and a durable vinyl exterior. Tenants are in place, providing immediate income. Conveniently located near downtown Leominster, shopping, dining, and major routes. Please see the attached Income & Expense Summary for full financial details. A solid opportunity for investors seeking a well-located, income-producing multi-family property with upside potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Heating: Oil, Natural Gas
Lot Size: 0.53 Acres
Roof Type: Shingle
Stories: 6.0
Taxes: $9,612
Year Built: 1920
Amenities
Ceiling Fan(s)
Bathroom With Tub & Shower
Bathroom with Shower Stall
Living Room
Kitchen
Feature Descriptions
Appliances: Range, Microwave, Refrigerator, Dishwasher
Building Area Total: 4165
Community Features: Public Transportation, Park, Highway Access, Public School
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 12
Dwelling Type: 5+ Family - 5+ Units Up/Down
Exterior: Frame
HeatingY/N: 1
Open Parking Y/N: Yes
Parcel Number: M:0070 B:0007 L:0000
Parking Features: Paved Drive, Off Street
Parking Total: 11
Rooms Total: 21
Sewer: Public Sewer
Units: 5
Water: Public
Local Schools
High School: Leominster Senior High School
Middle School: Sky View Middle School
Elementary School: Northwest Elementary School
Listed By / Shown By
Listed By
Agency Name: Lillian Montalto Signature Properties
Agency Phone: 978-475-1400
Agent Name: Team Lillian Montalto
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 3,985.30 per month $2,815.34 Principal & Interest $801.00 Property Tax $368.96 Homeowner's Insurance
54-56 North Main St | MLS# 73478773
This multi-family property located at 54-56 North Main St, Leominster, MA 01453 is currently listed for sale with an asking price of $1,265,000. Search Leominster real estate on www.masiellogrouprealestate.com today.