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33156349
33156347

1237 CENTRAL ST, LEOMINSTER, MA 01453-5969 For Sale

DK
MA MA 9504385
Horvath & Tremblay
JP
MA 9528992
Horvath & Tremblay
Listed by Horvath & Tremblay
$2,900,000
51 days on market
Updated 51 days ago

White House Mobile Home Park

Details
APN 500_2_A
Property Type Mobile Home Park
Units 42
Cap Rate 6.77%
NOI $196,193
Year Renovated 1962
Acreage 5.000
Ownership Fee Simple

Mobile Home Park | 42 Units | $69,048 Price per Lot

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the White House Mobile Home Park, a mobile home community located at 1237 Central Street in Leominster, MA (the “Property”). The Property is spread across 5.0 acres of land, and the quaint setting offers a traditional neighborhood feel with tree-lined streets and space. The community contains forty-two (42) mobile home sites and was originally established in 1962. The Property contains 142,709 square feet of gross living area and offers direct access parking for each unit. The mobile home park offers a community like setting with a park-like feel in a desirable suburban area.

White House Mobile Home Park at 1237 Central Street is strategically positioned in Leominster, offering convenient access to the city’s primary commercial corridors, neighborhood retail amenities, and surrounding residential areas. The property benefits from strong connectivity along Central Street (Massachusetts Route 12), one of Leominster’s main thoroughfares, and is in close proximity to U.S. Route 2 and Interstate 190, providing efficient regional access to Worcester, Fitchburg, and the broader North Central Massachusetts region.

Investment highlights

ACCESS & CONNECTIVITY

Local bus service in Leominster is available through MART, including routes such as Route 1, Route 3, and the Fitchburg/Leominster/Lunenburg service, which connect the city to nearby destinations and transit nodes.

Rail connectivity is anchored by the Fitchburg Line, with North Leominster Commuter Rail serving the area and providing access to the regional rail network.

Highway access is a key advantage at White House Mobile Home Park, with quick connectivity to Route 2 and Interstate 190 for easy regional travel across Leominster and central Massachusetts.

AREA AMENITIES & DEMAND DRIVERS

The city has historically been a manufacturing hub and supports a broad mix of industries including healthcare, retail, education, and professional services, creating a stable employment environment for workforce housing demand.

Major local employers include manufacturing firms such as AIS (office furniture), healthcare providers like Life Care Center of Leominster, and a wide network of small-to-mid-sized businesses that collectively drive job creation across the region.

The property is also positioned within a broader regional employment corridor anchored by nearby Fitchburg and Worcester, both of which offer expanded job opportunities in healthcare, higher education, and government sectors.

Leominster’s proximity to Boston, accessible in under an hour via Route 2, further enhances its appeal as a more affordable residential alternative for commuters seeking access to one of the nation’s largest employment centers.

PARK LIKE SETTING & COMMUNITY FEEL

White House Mobile Home Park benefits from a park-like rural setting on 5.0 acres of land. The individual home sites are well spaced and surrounded by trees, shrubbery, and foliage with paved roads and private parking for each site. The mobile home park creates a community like feel with its numerous tenants and cozy feel in a private, rural setting.

UPSIDE POTENTIAL

The Property offers significant upside by bringing currently below market rents to market rates. Additionally, the opportunity exists to upgrade community common areas to drive rental rates and increase demand for a unique asset class.

UTILITIES

Tenants are responsible for their own heating and hot water utilities, as well as separately metered electricity, which they pay directly. The Landlord is responsible for providing water & sewer, which they pay directly.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 6,300 people live within 1 mile of the Property with an average household income of $129,689. Over 30,200 people reside within 3 miles of the Property with an average household income of $114,526.

QUALITY OF LIFE AMENITIES

Residents have access to a variety of casual and sit-down dining options, including wellknown regional and national brands such as 110 Grill, 99 Restaurant & Pub, and Buffalo Wild Wings, alongside quick-service staples like McDonald's and Dunkin'. The downtown area further enhances the local dining scene with independent establishments such as Logan’s Table, contributing to a vibrant and evolving food culture.

Nearby shopping destinations include the Johnny Appleseed Shopping Center, a neighborhood retail hub with multiple service-oriented tenants and consistent foot traffic, as well as larger national anchors such as Target, which offers general merchandise, grocery, and pharmacy services in one location.

Grocery needs are well served by stores such as Hannaford Supermarkets and Gaucho Market, providing both national-brand and specialty food options within close proximity.

Residents are within a short drive of Leominster State Forest, which offers hiking, biking, and swimming opportunities, as well as additional local parks, sports courts, and walking trails throughout the city. Seasonal recreation is further supported by proximity to Wachusett Mountain, a popular destination for skiing and year-round outdoor activities located approximately 20 minutes away.

Listing Contacts

DK
MA MA 9504385
Horvath & Tremblay
JP
MA 9528992
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$196,193.00
$16,349.42/mo

Valuation Metrics

0
DSCR
6.77%
Cap Rate
6.77%
ROI

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Additional Information

Name
Dennis Kelleher
License
MA 9504385
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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