69 Hollis St - Multi-Family FOR SALE


Worcester, MA 01610- University Park
$875,000 USD
781-776-4000
69 Hollis St, Worcester, MA for Sale
$875,000 USD
Multi-Family - FOR SALE
1/9
null | 7.95% Cap Rate

69 Hollis St
Worcester, MA 01610
University Park


HIGHLIGHTS

  • Recent Renovations
  • Accessibility
  • Value Add Potential
  • Separately Metered Utilities
  • Fully Vacant Property
  • Strong Rental Demographics and Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 69 Hollis Street in Worcester, Massachusetts (the “Property”). The three-story building contains three (3) 3-Bedroom/1-Bathroom units with 3,723 square feet of gross living area and 5,699 square feet of gross area. The Property is situated upon a 0.08-acre parcel and located in the strong and dynamic Worcester, MA market. 69 Hollis St offers a completely gut renovated building that is fully vacant allowing the buyer to choose high quality tenants and achieve top of market rents. Unit features include new kitchens featuring granite countertops and stainless-steel appliances, new bathrooms and new flooring. Additionally, all mechanicals were replaced or upgraded with new Navien gas heating systems, electrical, and plumbing. All utilities (except for water & sewer) are separately metered and billed directly to tenants. Additionally, all three units have lead certificates. 69 Hollis Street is ideally situated in Worcester’s Beacon Brightly neighborhood, offering residents convenient access to both downtown amenities and major transportation corridors. The property benefits from quick connections to Park Avenue, Main Street, and local highways, providing easy regional access throughout Worcester and the broader Central Massachusetts area. It is located a short walk from Clark University allowing the purchaser the option to capitalize on Worcester’s 36,000 plus student population.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

3

PRICE/UNIT

$291,667

CAP RATE

7.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

69 Hollis St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

WORC-000007-000005-000048

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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