Realty Vision

87 Graham Street, Leominster, MA 01453

Multi-Family

$399,000
Price
$380,000
Sale Price

3
Units
4,344
Approx. GLA
Price reduced,Buyers loss your Gain! Investors and Owner Occupiers take notice. Rare, well maintained 3 unit multi-family in Leominster! Beautiful hardwood floors, traditional wood mouldings, 6 spaces of off street parking, separate utilities, separate heat, nice private back yard, and a laundry room for each unit. Owner has occupied the property since 2003 and has owned it since 1987. Lead compliance certificate, 1,450 square feet per unit, enclosed porches, close to shopping and a commuter friendly location easy access to Route 12, 117 and 190, makes this a very sought after investment property. Currently it claims a 8%+ cap rate, this home will ensure your return on your investment.
Highlights
Sale Price: $380,000
Settled Date: 3/30/2018 12:00:00 AM
Basement Features: Full
List Price: $399,000
Type: Multi-Family
Multi-Family Type: 3 Family - 3 Units Up/Down
Status: Sold
Beds: 9
Baths: 4
Units: 3
Year Built: 1930
Approx. GLA: 4,344
MLS#: 72251940
 
 
Interior
Basement: Yes
Electricity Cost: $420
Electric Features: 100 Amps
Flooring: Wall to Wall Carpet, Hardwood
Energy: Insulated Windows, Insulated Doors
Hot Water: Natural Gas, Leased Heater
Rooms: 18
Lead Paint: Certified Treated
Total Floors: 3
Exterior
Water: No
Acres: 0.34
Lot Size: 15,000.00
Lot Description: Paved Drive
Foundation: Poured Concrete
Parking Spaces: 6
Parking Features: Off-Street
Road Type: Public
Color: white
Construction: Frame
Roof Material: Rubber
Utility: for Electric Range, for Electric Dryer, Washer Hookup
Exterior: Vinyl
Exterior Features: Garden Area, Porch - Enclosed
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $238,400
Taxes: $4,704
Tax Year: 2017
Book/Page: 1578/40
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $50,700
Gross Expenses: $9,082
Total Rent: $3,825
Net Income: $36,915
Insurance Cost: $2,557
R&M Cost: $2,605
Water Cost: $2,000
Misc. Cost: $1,500
Additional
Amenities: Public Transportation, Shopping, Walk/Jog Trails, Golf Course, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station
Disclosure Declaration: Yes
Disclosure: 1st floor tenant Lease 8.31.18. 2nd Floor Lease 7.31.18. 3rd Floor is owner market rent is $1,400 per month. See Escrow Agent Notification and Limitations disclosures attached. Pre approved buyers only.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 6 3 0 1 2 0 Yes 1 $1,425
Unit 2 6 3 0 2 1 0 Yes 1 $1,000
Unit 3 6 3 0 3 1 0 No 1 $1,400
Units Extras
Unit 1
Rent Includes:  None  Cooling:  None  Applicances:  Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard, Oil  Interior:  Hardwood Floors, Ceiling Fans, Cable TV Available  Rooms:  Living Room, Dining Room, Kitchen, Laundry 
Unit 2
Rent Includes:  None  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Steam, Gas  Interior:  Hardwood Floors, Ceiling Fans, Cable TV Available  Rooms:  Living Room, Dining Room, Kitchen, Laundry 
Unit 3
Rent Includes:  None  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Floor Furnace, Gas  Interior:  Hardwood Floors, Ceiling Fans, Cable TV Available  Rooms:  Living Room, Dining Room, Kitchen, Laundry 
Map
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The listing office is Coldwell Banker Residential Brokerage - Leominster and the listing agent is Douglas Tammelin. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 11/13/2018 7:05:00 PM.