CCertihomes
42 Lancaster St, Leominster, MA 01453

$695,000

0 beds 7 baths 6,400 sqft Built 1950Active

About this home

TURNKEY MIXED USE BUILDING, 100% OCCUPIED, PRIME LOCATION WITH 25 PARKING SPACES, PAVED LOT, APPROX 8% CAP RATE, HANDICAPPED ACCESSIBLE FIRST FLOOR. The building has 3 commercial units and 1 residential unit currently leased for $2400.00 per month. Handicapped accessible main level houses 12 rooms, 5 bathrooms and 3 thriving businesses. The residential unit occupies the top 2 floors featuring 2700 sq feet of space with 4 bedrooms, 2 full baths and laundry room which could make this property the perfect set up for an owner-occupied, income producing option. A newer composite deck, stairs and vinyl railings are on the back of the building. Also featuring central air, mini splits, security system, irrigation system and 25 off street, marked parking spaces in a paved parking lot. The building is brick and vinyl sided with 4 entrances to the main floor. Superb downtown location, close to shopping, Monument Sq within walking distance.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$5,289/mo

Real estate (PITI + HOA + PMI)
$4,940
Principal + interest$3,152
Property tax + insurance$1,527
PMI / 2nd mortgage$261
Utilities
$780
Heating + cooling$228
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$116
Car insurance + maintenance$116
Other (entertainment)
$158
$5,289/mo TLC
Budget$5,789/mo
Remaining after TLC$500/mo
Purchase price
$695,000
Down payment
$34,750 (5%)
Loan amount
$660,250
APR
4%

Quick facts

Type
COM
Style
Year built
1950
Lot size
0.38 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
MLS #
73233134
County
Worcester

Home features

Roof
Rubber, Slate

Neighborhood — 01453

MetricThis ZIPCountyUSA
Population44,4396,444,931299,088,112
Population Change Since199013.00%7.00%20.00%
Population Density1,521786
Male21,4523,127,134147,432,321
Female22,9863,317,797151,655,844
Never Married9,5341,612,88563,775,926
Married18,7212,586,314123,120,365
Separated1,399247,85712,639,686
Widowed2,369363,59415,467,586
Divorced3,696436,88823,075,029
Number Of House Hold17,7452,431,591111,826,380
Average House Hold Size2.482.562.60
Medial Age36.7337.2535.46
Median House Hold Income$51,181$57,698$48,276
Average House Hold Income$58,043$75,023$63,629
P C I$23,408$29,196$24,529
M D I$43,278$48,105$41,133
A T H E$48,147$57,083$50,898
S T R5.00%5.00%
W C J76.26%81.38%77.74%
(Zip) Code
1453

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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Listing information last refreshed 5/4/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.