21 Fruit St - Apartments FOR SALE


Worcester, MA 01609- Institute Park
$6,700,000 USD
617-457-3266
21 Fruit St, Worcester, MA for Sale
$6,700,000 USD
Apartments - FOR SALE
1/18
null | 5.85% Cap Rate

21 Fruit St
Worcester, MA 01609
Institute Park


HIGHLIGHTS

  • EXISTING CASH FLOW AND UPSIDE
  • CURB APPEAL & RECENT CAPITAL IMPROVEMENTS
  • EXCELLENT LOCATION NEAR ELM PARK AND WPI

OVERVIEW

Hunneman is pleased to present an exceptional investment opportunity at 21 Fruit Street, a 29-unit brick apartment building located in Worcester, MA. This well-maintained property offers a mix of attractive units that appeal to families, young professionals, and students alike. capital improvements have significantly enhanced the property’s overall condition, while its prime location has contributed to strong historical occupancy and consistent cash flow. Ideally positioned near downtown Worcester, the building offers convenient access to WPI, Elm Park, and the city’s Central Business District.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

29

PRICE/UNIT

$231,034

CAP RATE

5.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

29-UNIT Brick Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

BO-1.0

APN/PARCEL ID

WORC-000002-000046-000059

ASK ABOUT THIS PROPERTY

Dan McGeeHunnemanMore Info
617-457-3266

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Dan McGeeHunnemanMore Info
617-457-3266

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