Listed by Hunneman
$6,300,000
FOR SALE: $6.3M, Worcester, MA
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 25,088
Units 29
Cap Rate 6.22%
NOI $389,378
Price per SqFt $251
Year Built 1935
Buildings 1
Stories 3
Lot Size (SqFt) 13,257
Brick Multifamily | 29 Units | 5.8% CAP
Marketing description
Hunneman is pleased to present an exceptional investment opportunity at 21 Fruit Street, a 29-unit brick apartment building located in Worcester, MA. This well-maintained property offers a mix of attractive units that appeal to families, young professionals, and students alike.
Recent capital improvements have significantly enhanced the property’s overall condition, while its prime location has contributed to strong historical occupancy and consistent cash flow. Ideally positioned near downtown Worcester, the building offers convenient access to WPI, Elm Park, and the city’s Central Business District.
Listing Contacts
Listed by Hunneman
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$389,378.00
$32,448.17/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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