2-family up/down 15% Cap rate Leominster, MA

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2-family up/down 15% Cap rate Leominster, MA

Tim Wilkinson
Investor · Salisbury, MA · Member since 2015 · 240 posts · 69 votes

2FR 1780 sf (4BR/2BA) Unit:1 (downstairs) 950 sf / 3 BR currently (one room needs closet built) Unit: 2 (upstairs) 800+ sf / 1BR currently Rents: Unit 1: $950-$1100 as 3 BR ($900-$1000 as 2BR) Unit 2: $750-$850 Rent roll: $1700-$1950 

Cost: $80,000 Rehab: $10,000 ARV: 130,000

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  • Clary C.
    Real Estate Agent · Attleboro, MA · Member since 2014 · 91 posts · 15 votes
    11y

    Hi Tom,

    Is this deal listed on the MLS? Do you have any multifamily properties in massachusetts not listed on the MLS? Thanks!

    Sincerely,

    Clary

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  • Tim Wilkinson
    OP
    Investor · Salisbury, MA · Member since 2015 · 240 posts · 69 votes
    11y

    It is not listed at all. I have a signed P&S from the homeowner.

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