Mobile Home Park with 42
1237 Central Street Leominster, MA 01453
1237 Central Street, Leominster, MA, 01453
$2,900,000
For Sale
$2,900,000
Mobile home community with 42 sites and direct-access parking, with tenant-paid utilities and seller-paid water and sewer.
Property Size14,270 SF
Lot Size5.00 Acres
Price / SF$203.22
Days on Market67
Property Features for 1237 Central Street
General Information
- Standard status
- Active
- Size
- 14,270 SF
- Lot size
- 5.00 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1962
Listing agency
Horvath & Tremblay
Listed by
Kelleher - Pentore Team
(978) 537-8301
Source
Foster-healey
Added: May 16 Updated: Jul 21 at 3:45AM Checked: Jul 21 at 3:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
White House Mobile Home Park is a mobile home community located at 1237 Central Street in Leominster, MA. The property spans 5 acres and includes 42 mobile home sites, originally established in 1962. Each unit has direct access parking.
The community is described as having a traditional neighborhood feel with tree-lined streets and a park-like setting in a suburban area.
Utility arrangements are separately metered for electricity, which tenants pay directly, and tenants are responsible for their own heating and hot water. The seller is responsible for providing and paying for water and sewer.
The community is described as having a traditional neighborhood feel with tree-lined streets and a park-like setting in a suburban area.
Utility arrangements are separately metered for electricity, which tenants pay directly, and tenants are responsible for their own heating and hot water. The seller is responsible for providing and paying for water and sewer.
Key Highlights
- Mobile home community established in 1962
- 42 mobile home sites on 5.0 acres at 1237 Central Street, Leominster, MA
- Direct‑access parking for each unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $313.4k | $21.96 |
| − Vacancy | −$8.1k | −$0.57 |
| EGI | $305.2k | $21.39 |
| − OpEx | −$137.3k | −$9.63 |
| NOI | $167.9k | $11.76 |
14,270 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.40M
$2.10M – $2.80M
NOI $167,872 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.87M
$4.26M – $5.69M
NOI $341,110 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Turftender Lawn Care
Landscaping
Leonardi's Carpentry & Handyman ...
Hardware & Home Improvement
Correa Construction & Landscape
Construction Company
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FAQs
What type of property is this?
Mobile home & RV park - Mobile home community with 42 sites and direct-access parking, with tenant-paid utilities and seller-paid water and sewer.
Where is this mobile home & rv park located?
The property is located at 1237 Central Street Leominster, MA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Mobile home community established in 1962; 42 mobile home sites on 5.0 acres at 1237 Central Street, Leominster, MA; Direct‑access parking for each unit
