1669-1671 Main St - Apartments FOR SALE


Leicester, MA 01524
$5,665,000 USD
203-692-2420
1669-1671 Main St, Leicester, MA for Sale
$5,665,000 USD
Apartments - FOR SALE
1/20
null | 6.73% Cap Rate

1669-1671 Main St
Leicester, MA 01524


HIGHLIGHTS

  • 24-Unit Apartment Complex
  • Recent Capital Improvements
  • (2) One Bedroom & (22) Two Bedroom Units
  • Select Balcony Units
  • Tenant Paid Electric
  • Ample Off Street Parking

OVERVIEW

Northeast Private Client Group is pleased to present Leicester Gardens, a well-maintained 24-unit multifamily community located at 1671 Main Street in Leicester, Massachusetts The property is comprised of (2) one-bedroom and (22) two-bedroom apartment with select units providing exterior balconies for extra space. Each unit is heated through tenant-paid electric baseboard systems, while landlord-paid hot water is supplied by a central electric system. Residents benefit from ample off-street parking, on-site laundry facilities and professional management. The building is within 20 minutes to downtown Worcester and less than a mile to numerous amenities such as Walmart, Starbucks, AT&T, Cumberland Farms, etc. The property has been consistently maintained and has had recent capital improvements. Leicester Gardens represents a compelling opportunity to acquire a stable, income-producing asset in a desirable Central Massachusetts community with continued rental demand and strong operational fundamentals.

FOR SALE DETAILS

PRICE

$5,665,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

24

PRICE/UNIT

$236,042

CAP RATE

6.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Leicester Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.38 AC

LAND SF

147,043 SF

ZONING

N/Av

APN/PARCEL ID

LEIC-000018AA000002,LEIC-000018AA000004

ASK ABOUT THIS PROPERTY

Taylor PerunNortheast Private Client GroupMore Info
203-692-2420

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Taylor PerunNortheast Private Client GroupMore Info
203-692-2420

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