605 Millbury St - Apartments FOR SALE


Worcester, MA 01607- Vernon Hill
$2,300,000 USD
857-234-6220
605 Millbury St, Worcester, MA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/1
null | 8.34% Cap Rate

605 Millbury St
Worcester, MA 01607
Vernon Hill


OVERVIEW

Turnkey, gut renovated 8-unit multifamily producing approximately $20,300/month / $243,600/year . All units are 3-bedroom layouts, including two newly completed 3BR/2BA units, for a total of 24 bedrooms. Major updates include new plumbing, new electrical, new sprinkler system, separate utilities, full insulation, renovated kitchens/baths, in-unit washer/dryer in each unit, and new appliances. Strong stabilised asset and perfect opportunity for a 1031 exchange buyer seeking current cash flow, scale, and modernized systems. Convenient Worcester location near highways, shopping, public transportation, and amenities.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

8

PRICE/UNIT

$287,500

CAP RATE

8.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,940 SF

ZONING

BL-1

APN/PARCEL ID

WORC-000010-000003-000018

ASK ABOUT THIS PROPERTY

Tal KlaymanVelney Realty LLCMore Info
857-234-6220

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Tal KlaymanVelney Realty LLCMore Info
857-234-6220

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