Property Description

113 Spruce Street in Leominster, Massachusetts — a six-unit multifamily asset consisting of three one-bedroom units and three two-bedroom units. The property provides off-street parking for every unit, along with an on-site laundry room. Situated on a corner lot at Spruce St and Wells Court in Leominster's French Hill neighborhood, the property overlooks Mechanic Street Park. Tenants benefit from excellent connectivity and proximity to major demand drivers: the MBTA Fitchburg Line is just a five minute drive (1.7 miles), providing commuter rail access to Boston; UMass Memorial Health Leominster is also a five minute drive away (1.7 miles); downtown Leominster is a short half-mile from the property; and the Mall at Whitney Field, home to national retailers, is also a five minute drive away (1.2 miles). This asset delivers day-one cash flow with no near-term capital expenditure requirements.