Re/max Vision
Maryann Schelin, Re/max VisionPhone: (508) 414-7335
Email: [email protected]
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listing
1 of 12
MultifamilyFor Sale
$3,335,000
21 Dix Street
Worcester, MA 01609
Listed by: Matthew Pierce from Marcus & Millichap Real Estate Investment Services, (781) 718-9268
MLS Property Information Network
42Beds
21Baths
22,302Sq Ft
Est. Mortgage
$17,315/mo

4-building / 11-apartment portfolio located in Worcester, Massachusetts. The portfolio contains (3) 3-unit properties and (1) 2-unit property. The entirety of the portfolio is a five minute walk to WPI's campus and are currently rented out by WPI undergrad/grad students. All four properties have a recently updated kitchens and bathrooms as well as newer roofs and siding that are less than 10 years old. The entirety of the portfolio contains gas heating with individual high efficiency heating systems in two of the four properties with all separate utilities responsible by the tenant with off-street parking and laundry available. Investors can expect a net income over $200k and a 6+% cap rate based on the in-place income with 100% occupancy in a highly demanded area of Worcester. Properties can be bought with 2nd portfolio listed at MLS 73008464 or can be bought individually.

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Information courtesy of Marcus & Millichap Real Estate Investment Services is subject to verification and is not guaranteed.
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