1 Ludlow St - Apartments FOR SALE


Worcester, MA 01603- Webster Square
$1,200,000 USD
781-678-8437
1 Ludlow St, Worcester, MA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/42
null | 7.93% Cap Rate

1 Ludlow St
Worcester, MA 01603
Webster Square


OVERVIEW

Five-unit investment property in Worcester with four units occupied and one currently vacant with projected market rent. The building has been extensively updated with improvements to the roof, windows, insulation, plumbing, electrical, kitchens, and baths, and each unit has separate utilities and dedicated hot water heaters. Exterior features include a wood deck, garden space, stone wall, and a paved driveway with parking for 12 cars, plus a full basement with laundry hookups and a rear walk-out offering potential for additional space. Convenient location near public transit, shopping, schools, universities, and major highways. Cap rate and NOI are based on current rents, while projected market rents indicate a cap rate of 10.24% and an NOI of $117,752.93. See the attached link for additional photos, floor plans, and a virtual tour.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

7.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,000 SF

ZONING

BL-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Leonardo CasillasCameron Real EstateMore Info
781-678-8437

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Leonardo CasillasCameron Real EstateMore Info
781-678-8437

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.