Property Description

This well-maintained 6-unit student rental property at 18 Crystal St Worcester, MA features six spacious 5-bedroom 2-bathroom units totaling 12,423 SF of living area. Each unit was extensively renovated and reconfigured to current layouts in 2021. Renovations include new kitchens, adding a second full bathroom, new electrical, new windows, and a new roof. Additionally, each unit has their own coin-op laundry room. All units are separately metered for heat, hot water, and electricity which the tenants pay directly. Following the renovation the seller has exclusively rented to students and hasn’t had a single vacant unit. The units are currently rented to a mix of Clark University graduate students and Anna Maria College athletes. 18 Crystal is well-positioned in Worcester just steps from Clark University and a short drive to the other colleges. Listed at a 8.8% cap rate.