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Updated over 9 years ago, 06/11/2015
2-family up/down 15% Cap rate Leominster, MA
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
Offering