47 Benefit St - Apartments FOR SALE


Worcester, MA 01610- University Park
$830,000 USD
603-440-5241
47 Benefit St, Worcester, MA for Sale
$830,000 USD
Apartments - FOR SALE
1/31
null | 8.9% Cap Rate

47 Benefit St
Worcester, MA 01610
University Park


OVERVIEW

This fully de-leaded 6-family property presents a prime opportunity to grow your portfolio in a strong rental market. The building offers three 2-bedroom units and three 1-bedroom units, with 4 of the 6 units currently vacant—making it easy to place your own tenants, or renovate to position the property for stronger cash flow. While the property requires work and updates, it comes with desirable features including seperately metered gas/electric, off-street parking, balconies with city views, and charming stained glass windows.. Conveniently located close to downtown, major routes, and less than a mile from the bustling Kelly Square and Polar Park.

FOR SALE DETAILS

PRICE

$830,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

6

PRICE/UNIT

$138,333

CAP RATE

8.9%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

RG-5

APN/PARCEL ID

WORC-000006-000032-000003

ASK ABOUT THIS PROPERTY

Sarah LewisEngel & Völkers WellesleyMore Info
603-440-5241

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Sarah LewisEngel & Völkers WellesleyMore Info
603-440-5241

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