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Multifamily

Birch Street Apartments

38 Birch St, Worcester, MA 01603

Listing Price: $940,000

Cap Rate
5.49%
Number of Units
6
Occupancy
97.0%
Price/Unit
$156,667
Price/Gross SF
$120.27
Gross SF
7,816

Investment Overview

Marcus & Millichap is pleased to present 38 Birch Street. A six-unit apartment building located on the edge of Clark University campus. The building features front to back, one-bedroom apartments. The four top apartments utilize the extra den for a second bedroom. All utilities are separated including gas and electric which is the responsibility of the tenant. Huge upside in raising the rents to local market rates.

Investment Highlights

  • Six-unit apartment building located near Clark University in Worcester, MA
  • Features all one-bedroom apartments, four of which are utilizing the extra den as a 2nd apartments.
  • All separate utilities including electric and gas. Coin-op laundry and off-street parking available for tenants.
  • Located within walking distance of Clark University.

Exclusively Listed By

Multifamily

Birch Street Apartments

Listing Price: $940,000

Cap Rate
5.49%
Number of Units
6
Occupancy
97.0%
Price/Unit
$156,667
Price/Gross SF
$120.27
Gross SF
7,816

Investment Highlights

  • Six-unit apartment building located near Clark University in Worcester, MA
  • Features all one-bedroom apartments, four of which are utilizing the extra den as a 2nd apartments.
  • All separate utilities including electric and gas. Coin-op laundry and off-street parking available for tenants.
  • Located within walking distance of Clark University.

Investment Overview

Marcus & Millichap is pleased to present 38 Birch Street. A six-unit apartment building located on the edge of Clark University campus. The building features front to back, one-bedroom apartments. The four top apartments utilize the extra den for a second bedroom. All utilities are separated including gas and electric which is the responsibility of the tenant. Huge upside in raising the rents to local market rates.

Exclusively Listed By

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