50 Summer St, Leominster, MA 01453
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$625,000
4 Unit
5 Beds
4 Baths
2550 SQFT
0.25 Acre

Property Description

OPEN HOUSE SATURDAY, 05/03/25 from 12-1:30. **Attention Investors-This is a must see!** Turn-key, 4 unit with many updates, separated utilities and ample parking. Cap rate of 6.7%. All units above grade and on leases, 2025 updates: New Forced Air furnace for Unit 3 (2nd floor) & chimney flue liner. Other recent updates include Blown-in Insulation; building electric fully separated and updated, Roof replaced. Building plumbing & unit water heaters were updated on various dates. This is the one you've been waiting for - Don't Miss Out!

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 7
  • Total Bedrooms: 5
  • Total Full Baths: 4
  • Basement Features: Concrete Floor, Partial
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Dryer, Range, Refrigerator, Washer

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 57900

Utilities

  • Heat Zones: 4
  • Electric Info: 110 Volts, Circuit Breakers, On-Site, Underground
  • Energy Features: Insulated Doors, Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Concrete Block, Fieldstone, Irregular
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73364160
  • Last Updated: 05/02/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/28/2025Active$625,000$245MLSPIN
04/24/2025New$625,000$245MLSPIN

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Seller's Representative: Stig Bergquist, Keller Williams Realty
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 2025-05-02 15:46:00