50 Summer St, Leominster, MA 01453
$575,000
HUGE PRICE IMPROVEMENT! Open House Saturday, 6/14/2025 12:30 - 2 PM. Attention Investors - This is a must see, particularly if you're completing a 1031 exchange, Excellent location, close to Carter Park and downtown! Turn-key, 4 unit with many system updates. Separated utilities and ample parking. Strong cap rate. All units above grade. Large lot, ample parking. 2025 updates: New Forced Air furnace for Unit 3 (2nd floor) & chimney flue liner. Other updates include Blown-in Insulation; 200 amp service, building electric & gas 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!
— MLSPIN #: 73364160| List Price: | $575,000 |
|---|---|
| Status: | Price Change |
| MLS ID: | 73364160 |
| Town: | Leominster |
| County: | Worcester |
| Zip: | 01453 |
| Property Type: | Residential Income |
| Property Sub Type: | 4 Family |
| Bedrooms: | 5 |
| Full Baths: | 4 |
| Living Area: | 2,550 sqft |
| Acres: | 0.25 |
| Taxes: | 5,828 |
| Appliances: | Range, Refrigerator, Washer, Dryer |
| Lot Features: | Gentle Sloping |
| Parking Features: | Paved Drive, Off Street, Common, Paved |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1920 |
| Roof: | Shingle |
| Window Features: | Insulated Windows |
| Directions: | Main St or Water St to Summer St |
| Foundation Details: | Block, Stone, Brick/Mortar, Irregular |
| Postal Code Plus4: | 3229 |
| Electric: | 110 Volts, Circuit Breakers |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-04-24 |
| Lot Size Area: | 0.25 |
| Lot Size Square Feet: | 10,700 |
| Rooms Total: | 13 |
| Bathrooms Total Integer: | 4 |
| Basement: | true |
| Basement: | Partial, Concrete |
| Building Area Source: | Public Records |
| Building Area Total: | 2,550 |
| Door Features: | Insulated Doors |
| Interior Features: | Living Room, Kitchen, Laundry Room |
| Levels: | 4 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 4 |
| Open Parking?: | Yes |
| Parcel Number: | M:0024 B:0006 L:0000, 1577367 |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Zoning: | Res |
| Exclusions: | Tenants Personal Posessions. |
| Stories Total: | 4 |
| Year Built Source: | Public Records |
| Disclosures: | Seller has never lived in property. |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $57,900 |
| Apod Available: | Yes |
| Certificate Number: | 000000019765 |
| Disclosure: | No |
| Dpr Flag: | Yes |
| Flrs 1: | 1 |
| Flrs 2: | 1 |
| Flrs 3: | 2 |
| Flrs 4: | 3 |
| Heat Units: | 4 |
| Heat Zones: | 4 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Lease 4: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $225.49 |
| Page: | 353 |
| Price Per Sqft: | $225.49 |
| Square Feet Disclosures: | Some photos from previous tenants. |
| Square Feet Incl Base: | No |
| Original List Price: | $625,000 |
| Parking Total: | 8 |
| Tax Assessed Value: | $415,400 |
| Tax Year: | 2025 |
| Total Actual Rent: | $4,825 |
| Year Built Details: | Approximate |
| Bedrms 1: | 1 |
| Bedrms 2: | 1 |
| Bedrms 3: | 2 |
| Bedrms 4: | 1 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| F Bths 4: | 1 |
| Hot Water: | Natural Gas |
| Above Grade Finished Area: | 2,550 |
| Living Area Source: | Public Record |
| Stories: | 4 |
Listing Courtesy of: Keller Williams Realty
Listing Agent: Stig Bergquist
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MLS Property Information Network, Inc. data last updated on June 16, 2025 03:32 PM
Property Last Updated: June 13, 2025 09:56 PM