Unit Information
Exceptional WPI Student Housing Investment Opportunity! Massive, fully occupied 7-unit property with monthly income of $14,200 and ideally located within close proximity of WPI and the heart of Worcester’s premier student rental corridor. All seven apartments are leased through Summer 2027, providing immediate, stable cash flow, with six of seven units leased to WPI students. Electricity is separately metered, with tenants responsible for their own electric and internet, helping keep operating expenses low. Recent capital improvements include a new roof with gutter system, upgraded electrical service and panels, and extensive interior updates throughout multiple apartments. Additional income is generated by the on-site coin-op laundry. A true turnkey investment offering strong tenant demand, long-term income stability, and an exceptional location just minutes from WPI, restaurants, shopping, and all downtown Worcester can offer. Rare opportunity to acquire a fully leased, student-focused asset with near-term income security. apt 1: 2bd 1 ba: $1500 apt 2: 2bd 1ba: $1500 apt 3: 3bd 1ba: 2100 apt 4: 2bd 1ba: 1700 apt 5: 3bd 1ba :$2100 apt 6: 1bd 1ba: $1400 apt 7: 5 bd 1.5ba: $3900.
- Additional Details
- Status: NEW
- Type: Multi-Family, Multi Family
- Zip Code: 01609
- Levels: 5
- Parking
- Garage Capacity: 6
- Parking: Off Street
- Parking Spaces: 6
- Rooms and Dimensions
- Total Units: 7
- Total Floors: 5
- Total Rooms: 29
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$1,499,000
- Status: New
- Listing ID: 73565816
- Bedrooms: 18
- Full Baths: 7
- Half Baths: 1
- Living Area: 5,596 sqft Convert
- Lot Size: 8,235 sqft Convert
- Acres: 0.19
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |