South Worcester, Worcester Real Estate, 5 Claremont Street: LRG Boston, #73514871

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5 Claremont Street, Worcester, MA

South Worcester, Worcester Multi-Family Get directions

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Unit Information

Rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Main South neighborhood near Clark University. Featuring a 17 bedroom lodging-style property generating strong in-place income, making it an ideal addition to any investor’s portfolio. The property offers a diversified rent roll with consistent demand driven by its prime location, access to public transportation, and proximity to local universities, employers, and amenities. Current operations provide immediate cash flow, with additional upside through rent optimization and improved management efficiencies. Situated on an oversized lot, this asset presents compelling future development potential, including the possibility to expand, add additional units, or explore condo conversion (buyer to perform due diligence). The combination of strong existing income and long-term redevelopment optionality makes this a unique offering in today’s market.

Additional Details: Status: ACT; Area: South Worcester; Zip Code: 01610
Parking: Garage Capacity: 17

$1,580,000

Listing ID: 73514871
Bedrooms: 17
Full Baths: 4
Living Area: 10,450 sqft 971 m² Convert
Lot Size: 29,768 sqft 2,766 m² Convert
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