264 Mechanic St, Leominster, MA 01453
- $799,000
- 3
- BD
- 4
- BA
- 3,480
- SqFt
- List Price
- $799,000
- Status
- ACTIVE
- MLS#
- 73566244
- Bedrooms
- 3
- Bathrooms
- 4
- Full Baths
- 3
- Half Baths
- 1
- Living Area
- 3,480
- Lot Size (Acres)
- 0.13
- Year Built
- 1989
Property Description
Great Investment Opportunity in a Highly Desirable and Convenient Location! This versatile mixed-use property offers excellent income potential, featuring a commercial storefront plus three 1-bedroom apartments, all updated with modern kitchens and bathrooms. Each unit provides two means of egress, adding functionality and flexibility. With tenants responsible for their own heat, hot water, and electricity, operating expenses are minimized, while the owner is responsible only for city water. An exceptional added value is the approximately 50' x 35' detached garage, zoned for both residential and commercial use, creating significant additional income and development potential. Ideal for vehicle or boat storage, contractor space, warehouse use, or other permitted commercial opportunities. With multiple income streams, strong rental potential, and endless possibilities for future use, this property presents a rare opportunity for investors seeking both immediate income and long-term upside.
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Additional Information
- Taxes
- $6,458
- Parking Description
- Paved Drive
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Rodrigo Azevedo from Listing Office: Pablo Maia Realty.
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