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5 Days on market
131 Litchfield Pines Dr #A Leominster — Photo 1 of 27

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.

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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

Original Price$218,000
Annual Taxes$2,639
HOA Fee$429

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms3
FireplacesNone
FlooringTile, Laminate
BasementY

Climate & Utilities

HeatingBaseboard
CoolingWindow Unit(s), Wall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBathroom 1
Living Room
Lvl First

14.916666666 x 16.75

Ceiling Fan(s), Flooring - Laminate, Lighting - Overhead, Closet - Double

Kitchen
Lvl First

11.583333333 x 15.083333333

Flooring - Laminate, Countertops - Stone/Granite/Solid, Exterior Access, Stainless Steel Appliances, Lighting - Pendant, Lighting - Overhead

Primary Bedroom
Lvl First

10.5 x 15.083333333

Ceiling Fan(s), Flooring - Laminate, Lighting - Overhead, Closet - Double

Bathroom 1
Lvl First

5.333333333 x 7.5

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Listing Provided By

Listing Agent: Susan Ducharme

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73572787