This Property is No Longer Available
114 Mechanic St, Leominster, MA 01453
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$620,000
*Sale Price
4 Unit
5 Beds
4 Baths
3465 SQFT
0.15 Acre

Property Description

**Attention Investors!** Cash-flowing, fully-occupied 3-family home in a prime location! The property features two 1-bedroom units on the first floor, a spacious 3-bedroom unit on the second floor. All units are currently rented with great tenants under lease agreements, ensuring immediate income. Tenants have access to a shared laundry area for added convenience. The property boasts a 2-car detached garage and ample additional parking. Located just minutes from downtown, shops, restaurants, and major highways, this property offers both convenience and appeal for tenants. Perfect for investors looking for a turn-key, cash-flowing opportunity with long-term upside! Don’t miss out!

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 5
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Public School, Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Mudroom
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Heat Pump, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 74160
  • Gross Expenses: 3600
  • Electric Expenses: 2400
  • Water/Sewer: 1200
  • Net Operating Income: 74160

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Irregular
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73302487
  • Last Updated: 03/10/25
  • Terms: Contract for Deed, Rent w/Option

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Seller's Representative: Luiz Fernando Coelho, 1 Worcester Homes
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-10 15:55:00

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