426 Main St - Apartments FOR SALE


Worcester, MA 01608- Downtown Worcester
$3,600,000 USD
617-529-1141
426 Main St, Worcester, MA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/1
null | 6.03% Cap Rate

426 Main St
Worcester, MA 01608
Downtown Worcester


HIGHLIGHTS

  • Complete rehab by current owners 2019-2020
  • Located in downtown Worcester which is undergoing major revitalization
  • Units have central AC and fully applianced

OVERVIEW

The apartments at 426 Main St/3-5 Pleasant St, Worcester, MA consist of 12 one-bedroom units, 4 Studio units, and 2 commercial units. The property is a five-story elevator building situated on a 3,040-square-foot lot that underwent a complete rehab by the current owner in 2018. Downtown Worcester is undergoing major revitalization through a $565M+ CitySquare project and the Downtown Urban Revitalization Plan. Major developments include new residential units like The Benjamin, high-rise luxury apartments, the Mercantile Center office/retail complex, and ongoing infrastructure improvements near Union Station. Owner provides parking for tenants in a lot on Pleasant Street walking distance to the building.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

18

PRICE/UNIT

$200,000

CAP RATE

6.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

BG-6

APN/PARCEL ID

WORC-000003-000031-000008-000009,WORC-000003-000031-000010,WORC-000006-000003-000042

ASK ABOUT THIS PROPERTY

Rich CawleyUnited Multi Family CorporationMore Info
617-529-1141

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Rich CawleyUnited Multi Family CorporationMore Info
617-529-1141

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