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51 Pleasant St - Pleasant Street Apartments 6 Unit Apartment Building Offered at $1,800,000 at a 7.83% Cap Rate Leominster, MA 01453
EXECUTIVE SUMMARY
Yannios Real Estate Investment Sales is pleased to present Pleasant Street Apartments a 6-unit multi-family building new to the market located in Leominster, MA. This 7,934 sq. ft. building sits on a 5,017 sq ft. corner lot. The building consists of (3) four-bedroom units & (3) one-bedroom units, tenant paid utilities, 100% occupied and stable occupancy. The units have been updated and maintained and are in good condition with 2 units recently rehabbed. Upgrades to the electric service 100 amps per unit, rubber roof replaced approx. 10 years ago. Interested and qualified buyers will be able to view the property and obtain additional information.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $300,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 7,934 SF |
| Cap Rate | 7.83% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Price | $1,800,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 7.83% |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.12 AC |
| Building Size | 7,934 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | LEOM-000003-000006 | Total Assessment | $675,800 (2025) |
| Land Assessment | $110,900 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $564,900 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
LEOM-000003-000006
Land Assessment
$110,900 (2025)
Improvements Assessment
$564,900 (2025)
Total Assessment
$675,800 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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51 Pleasant St - Pleasant Street Apartments
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