
131 Litchfield Pines Dr #A Leominster — Photo 1 of 27
$218,000
Investment Analysis — 131 Litchfield Pines Dr #A
Leominster, MA 01453
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 1-bedroom in 01453 carries an estimated $1,490/mo in gross rent — about a 2.66% cap rate and $5,802/yr in estimated NOI at the $218,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
692
Style
Condominium
Built
1967
Well-Maintained Condo with Long-Term Tenant in Place located in Pickwick Manor Condominium. This property presents an excellent investment opportunity with a long-term tenant currently in place under a lease through August 2027, providing an established rental arrangement for the new owner.The tenant has resided in the unit for approximately 10 years, demonstrating a strong history of occupancy. During that time, numerous updates and improvements have been made to the home, including: Kitchen countertops and sink, Kitchen cabinets, appliances. Bathroom tub, surrounding walls, vanity, toilet, and lighting fixtures throughout the home.Wall-mounted A/C unit in the bedroom,window A/C unit in the living room. Flooring throughout the entire unit, bedroom and bathroom doors were replaced. Washer and dryer, which will remain with the unit. The condominium is also Verizon Fios ready, offering residents access to high-speed internet service. There is also a storage unit in the basement comes with the purchase. Parking unmarked parking spaces are designated for visitors, while the spaces identified by letters and numbers are assigned to individual unit owners. The property will be sold with the existing tenant remaining in place through closing, making this an attractive opportunity for an investor seeking an income-producing property with an established, long-term tenant.
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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14.916666666 x 16.75
Ceiling Fan(s), Flooring - Laminate, Lighting - Overhead, Closet - Double
Kitchen
Lvl First11.583333333 x 15.083333333
Flooring - Laminate, Countertops - Stone/Granite/Solid, Exterior Access, Stainless Steel Appliances, Lighting - Pendant, Lighting - Overhead
Primary Bedroom
Lvl First10.5 x 15.083333333
Ceiling Fan(s), Flooring - Laminate, Lighting - Overhead, Closet - Double
Bathroom 1
Lvl First5.333333333 x 7.5
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Listing Agent: Susan Ducharme
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73572787