50 West Street | Leominster

LEOMINSTER

50 West Street

Property Details $1,100,000 Rare Investment opportunity; Downtown Leominster. First time available in 21 years! Building completely re-constructed after fire ~2005; all remodeled, furnished units. High quality, meticulously maintained 13 unit Licensed Lodging House; 11 private rooms with shared baths/kitchen and two full apartments. Property Manager in place with 100% occupancy rate. Units have strong rental history and low expenses. Well respected drug and alcohol free establishment. Features include transferable SOR license, three Heating/Cooling zones, newer boilers, water heaters and electric meters, fire suppression system wired directly to fire department two blocks away, ten parking spaces, newly paved driveway with yard and shed. All systems inspected annually. This building offers many possibilities for expansion/increased revenue potential.

14

6

4,788

$6,941.98

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Bathrooms

Sq. Ft.

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Cathy Dahill Exclusive Listing Agent 617.901.3428 Cathy.Dahill@GibsonSIR.com Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. Gibson Sotheby's International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers.