Lot 1 Elm St Leominster — Photo 1 of 2
$180,000
Investment Analysis — Lot 1 Elm St
Leominster, MA 01453
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01453 carries an estimated $1,290/mo in gross rent — about a 5.34% cap rate and $9,605/yr in estimated NOI at the $180,000 list price. Adjust every assumption in the calculator below.
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Discover the perfect setting for your dream home in the beautiful town of Leominster, MA. This expansive parcel of land offers an exceptional opportunity to build on one of Leominster's most desirable country roads. The lot consists of 3+ acres and 175 ft of frontage, mostly flat with perc tests completed. This lots are conveniently located on quiet country road yet convenient to down town Leominster, shopping and schools and only 7 miles from Wachusett Mountain Ski Area. Land is currently in Chapter 61B. Buyer or Buyer Agent to do Due-Diligence with City of Leominster
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
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Property & Lot
Neighborhood
Walk/Jog Trails • Golf • Medical Facility • Bike Path • Conservation Area • Public School
Geography
Listing Agent: Paul Collette
Listing Office: Keller Williams Realty North Central
MLS® Number: 73337053
