Unit Information
This centrally located value-add 6-unit property at 38 Benefit in Worcester, Massachusetts, consists of four 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, totaling 5,216 sq. ft. of living space on a 0.11-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property benefits from brand new high efficiency Navien hot water heaters. Three of the six units have been recently renovated featuring new kitchens, updated bathrooms, and new flooring. There is an opportunity to dramatically increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units as all units are currently TAW. Listed at a 7.95% cap rate, this property represents a strong investment opportunity in the growing Worcester market.
- Additional Details
- Status: NEW
- Type: Multi-Family, 5-9 Family
- Zip Code: 01610
- Levels: 5
- Parking
- Garage Capacity: 4
- Parking: Off Street
- Parking Spaces: 4
- Rooms and Dimensions
- Total Units: 6
- Total Floors: 5
- Total Rooms: 20
Loading...
$825,000
- Status: New
- Listing ID: 73501042
- Bedrooms: 8
- Full Baths: 6
- Living Area: 5,216 sqft Convert
- Lot Size: 4,920 sqft Convert
- Acres: 0.11
View description
Luxury Residential Group
(617) 233-5800
Receive more info or arrange a tour
When you are ready, please contact us and we will put our unrivaled knowledge of the Boston real estate market to work for you. Whether you are buying a luxury condo or renting a luxury apartment, we pledge to make your experience as stress free and enjoyable as possible.
Please call, email, or send us a message through the web form below. An LRG Real Estate agent will contact you promptly.
LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |