181 West St, Leominster, MA 01453
$499,000
A unique 5 unit investment opportunity blending residential and commercial spaces in a prime location. This rare mixed-use property features two spacious residential units above three versatile commercial/retail/office spaces. Recent upgrades make it ideal for investors and business owners. All street-level units share efficient HVAC and gas heating. The first floor, currently with three commercial spaces with one full bath and one half bath will be delivered vacant.Each residential apartment features a 4-room layout and full bath, separate utilities, and individual meters. All units are tenant-at-will. Additional features include paved off-street parking and a full unfinished basement with walkout access and windows. Located in a high-traffic area, this property offers endless possibilities
— MLSPIN #: 73323783| List Price: | $499,000 |
|---|---|
| Status: | Back on Market |
| MLS ID: | 73323783 |
| Town: | Leominster |
| County: | Worcester |
| Zip: | 01453 |
| Property Type: | Residential Income |
| Property Sub Type: | 2 Family - 2 Units Side by Side |
| Bedrooms: | 5 |
| Full Baths: | 2 |
| Half Baths: | 2 |
| Living Area: | 3,504 sqft |
| Acres: | 0.14 |
| Taxes: | 3,955 |
| Appliances: | Range, Refrigerator |
| Cooling: | Central Air |
| Heating: | Natural Gas, Central |
| Parking Features: | Paved Drive, Shared Driveway, Off Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1909 |
| Directions: | use gps |
| Foundation Details: | Concrete Perimeter |
| Electric: | 220 Volts, Circuit Breakers, 100 Amp Service, Individually Metered, Varies per Unit |
| Listing Contract Date: | 2025-01-07 |
| Cooling?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.14 |
| Lot Size Square Feet: | 6,001 |
| Rooms Total: | 11 |
| Bathrooms Total Integer: | 4 |
| Basement: | true |
| Basement: | Full, Dirt Floor |
| Building Area Source: | Public Records |
| Building Area Total: | 3,504 |
| Community Features: | Public Transportation, Shopping, Highway Access, Public School |
| Levels: | 4 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 2 |
| Open Parking?: | Yes |
| Parcel Number: | M:0112 B:0012A L:0000, 1579281 |
| Rent Includes: | Unit 1(Water), Unit 2(Water) |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Zoning: | mixed use |
| Stories Total: | 4 |
| Year Built Source: | Public Records |
| Disclosures: | In addition to the two residential units on the second floor, the three commercial units on the first floor. All tenants are TAW, and two of the three commercial units will be delivered vacant. Must walk through one bedroom to access in 2nd one in residential units. |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $69,000 |
| Listing Agreement: | Exclusive Right To Sell |
| Listing Terms: | Contract |
| Apod Available: | No |
| Disclosure: | No |
| Dpr Flag: | Yes |
| Flrs 1: | 2 |
| Flrs 2: | 2 |
| Heat Units: | 2 |
| Heat Zones: | 2 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Lease 3: | No |
| Lease 4: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $142.41 |
| Page: | 169 |
| Price Per Sqft: | $142.41 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $69,000 |
| Original List Price: | $519,000 |
| Parking Total: | 10 |
| Tax Assessed Value: | $272,600 |
| Tax Year: | 2024 |
| Total Actual Rent: | $5,750 |
| Year Built Details: | Actual |
| Bedrms 1: | 1 |
| Bedrms 2: | 1 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| H Bths 3: | 1 |
| H Bths 4: | 1 |
| Rent1: | 1,200 |
| Rent2: | 1,100 |
| Rent3: | 850 |
| Rent4: | 1,400 |
Listing Courtesy of: EXIT New Options Real Estate
Listing Agent: Kevin Cormier
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MLS Property Information Network, Inc. data last updated on May 01, 2025 03:59 AM
Property Last Updated: April 28, 2025 08:38 AM