Multifamily
5 Palm St
5 Palm St, Worcester, MA 01604
Listing Price: $1,335,000
Cap Rate
7.00%
Number of Units
7
GRM
9.58
Occupancy
97.0%
Price/Unit
$190,714
Price/Gross SF
$144.64
Gross SF
9,230
Investment Overview
1
5 Palm St
Investment Highlights
- • Stable in-place cash flow with the ability to drive NOI through strategic interior upgrades, improved operational efficiency, and potential rent repositioning in a supply-constrained market.
- • Easy access to major employment centers (UMass Memorial Hospital -- 15,000 Employees ~2 Miles away) (Hanover Insurance Group -- 3,000 employees) (Paul Revere Insurance -- 3,000 Employees ~1.3 Miles)
- • Worcester ranks as one of the most competitive rental markets in the U.S, supporting low vacancy, resilient tenant demand, and long-term rent growth potential, providing investors with durable perfo
Exclusively Listed By
Listing Price: $1,335,000
Cap Rate
7.00%
Number of Units
7
GRM
9.58
Occupancy
97.0%
Price/Unit
$190,714
Price/Gross SF
$144.64
Gross SF
9,230
Investment Highlights
- • Stable in-place cash flow with the ability to drive NOI through strategic interior upgrades, improved operational efficiency, and potential rent repositioning in a supply-constrained market.
- • Easy access to major employment centers (UMass Memorial Hospital -- 15,000 Employees ~2 Miles away) (Hanover Insurance Group -- 3,000 employees) (Paul Revere Insurance -- 3,000 Employees ~1.3 Miles)
- • Worcester ranks as one of the most competitive rental markets in the U.S, supporting low vacancy, resilient tenant demand, and long-term rent growth potential, providing investors with durable perfo
Investment Overview
1
Exclusively Listed By
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