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1237 Central St - White House Mobile Home Park 42 Unit Apartment Building Offered at $2,900,000 at a 6.77% Cap Rate Leominster, MA 01453



Investment Highlights
- Access and Connectivity
- Park Like Setting and Community Feel
- Strong Rental Demographics and Demand
- Area Amenities and Demand Drivers
- Upside Potential
- Quality of Life Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the White House Mobile Home Park, a mobile home community located at 1237 Central Street in Leominster, MA (the “Property”). The Property is spread across 5.0 acres of land, and the quaint setting offers a traditional neighborhood feel with tree-lined streets and space. The community contains forty-two (42) mobile home sites and was originally established in 1962. The Property contains 142,709 square feet of gross living area and offers direct access parking for each unit. The mobile home park offers a community like setting with a park-like feel in a desirable suburban area.
White House Mobile Home Park at 1237 Central Street is strategically positioned in Leominster, offering convenient access to the city’s primary commercial corridors, neighborhood retail amenities, and surrounding residential areas. The property benefits from strong connectivity along Central Street (Massachusetts Route 12), one of Leominster’s main thoroughfares, and is in close proximity to U.S. Route 2 and Interstate 190, providing efficient regional access to Worcester, Fitchburg, and the broader North Central Massachusetts region.
White House Mobile Home Park at 1237 Central Street is strategically positioned in Leominster, offering convenient access to the city’s primary commercial corridors, neighborhood retail amenities, and surrounding residential areas. The property benefits from strong connectivity along Central Street (Massachusetts Route 12), one of Leominster’s main thoroughfares, and is in close proximity to U.S. Route 2 and Interstate 190, providing efficient regional access to Worcester, Fitchburg, and the broader North Central Massachusetts region.
Property Facts
| Price | $2,900,000 | Building Class | C |
| Price Per Unit | $69,048 | Lot Size | 5.00 AC |
| Sale Type | Investment | Building Size | 142,709 SF |
| Cap Rate | 6.77% | No. Stories | 1 |
| No. Units | 42 | Year Built | 1962 |
| Property Type |
| Price | $2,900,000 |
| Price Per Unit | $69,048 |
| Sale Type | Investment |
| Cap Rate | 6.77% |
| No. Units | 42 |
| Property Type | |
| Building Class | C |
| Lot Size | 5.00 AC |
| Building Size | 142,709 SF |
| No. Stories | 1 |
| Year Built | 1962 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | LEOM-000500-000002A | Improvements Assessment | $312,400 |
| Land Assessment | $230,100 | Total Assessment | $542,500 |
Property Taxes
Parcel Number
LEOM-000500-000002A
Land Assessment
$230,100
Improvements Assessment
$312,400
Total Assessment
$542,500
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1237 Central St - White House Mobile Home Park
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