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58 Grove Ave Leominster, MA 01453
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Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type 5+ Family - Rooming House
Listing Status Sold
Purchase Type For Sale
Square Footage 5,498 sqft
Price per Sqft $150
MLS Listing ID 73167877
Sold Date 02/01/24
Bedrooms 12
Full Baths 4
Half Baths 2
Year Built 1900
Annual Tax Amount $11,425
Tax Year 2022
Lot Size 0.750 Acres
Acres 0.75
Property Description
UPDATE - 10 mini-splits being installed in rooms on 1st & 2nd floors. 12-Unit Rooming House available for sale. Great location, walking distance to downtown area with restaurants, public transportation, area amenities, shopping as well as close to commuter train and highway access. Excellent opportunity for a new owner, user or investor to add value and increase cash flow. First floor consists of the common Kitchen, Living Room and laundry. 4 full baths and 2 1/2 baths. All renters are TAW. Current valid Leominster Rooming House. Leominster's growth and demand for housing make this an ideal investment opportunity for long-term income potential. Updates include: fully insulated, all new windows (2023), new 400 amp electric service w/ potential for separately metered to each bedroom, planned separate heat/AC units in each bedroom, sprinkler system, new reinforced LVL beams & steel beams, new hot water tank (2023) and more. Do not miss your chance to grow your rental portfolio!
Location
State MA
County Worcester
Zoning RES
Direction Main St to Merriam to Grove Ave or Rte 12 to Washington, L onto Grove Ave
Rooms
Basement Full, Interior Entry, Sump Pump, Concrete, Unfinished
Interior
Interior Features Living Room, Kitchen, Other (See Remarks)
Laundry Laundry Room
Exterior
Exterior Feature Porch, Screens
Community Features Sidewalks
Roof Type Slate
Total Parking Spaces 8
Garage No
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Moises R. Cosme • Atlantic Coast Homes,Inc