Historical Multifamily Sale Listing - 39 UNITS - 10 Retail / 29 Apartments

Multifamily For Sale

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39 UNITS - 10 Retail / 29 Apartments

65 Main Street, Leominster, MA 01453

N/A

39 Units | Multifamily

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COLUMBIA BUILDING

Multifamily Property - Off Market

Price:
N/A
No. Units:
39
Building Size:
45,620 SF
Property Type:
Multifamily
Property Sub-type:
Government Subsidized
Additional Sub-types:
Mid/High-Rise
Street Retail
Property Use Type:
Investment
Commission Split:
1.5%
Cap Rate:
8.80%
No. Stories:
3
Year Built:
1890
Lot Size:
21,837 SF
Listing ID
14265589
Last Updated
over 1 year ago

Highlights

  • THREE STORY BRICK BUILDING - 8.8% CAP RATE
  • 10 RETAIL & 29 APARTMENTS / (4+ more apts possible)
  • ELECTRIC - ALL SEPARATE TO EACH UNIT
  • HEAT - Mostly included w/rent, except for 4 Retail units
  • LAUNDRY AREA - Coin Operated Laundry on 2nd Floor
  • CLEAN 21E

Description

10 RETAIL & 29 APARTMENTS in 3 Story brick building. Great Rental History (Retail is fully rented). Half of the Apartments have RHI leases (not required). Mainly elderly tenants. Very well maintained. Recent upgrades to Heating system.

Centrally located in busy downtown area, across the street from the post office and a municipal parking lot.

Map of 65 Main Street, Leominster, MA 01453 (Worcester County)

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