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Multifamily

11 Fifth Ave

11 Fifth Ave, Worcester, MA 01607

Listing Price: $739,000

Cap Rate
5.98%
Number of Units
6
Occupancy
97.0%
Price/Unit
$123,167
Price/Gross SF
$105.66
Gross SF
6,994

Investment Overview

Marcus & Millichap is excited to present 11 5th Avenue located in the Vernon Hill neighborhood of Worcester, MA. The building is comprised of all one-bedroom units with all similar layouts. The utilities are all separated and responsible by the the tenant. Significant upside to convert the extra den into a second bedroom and raise rents to local market rates.

Investment Highlights

  • Six-unit apartment building located on Vernon Hill neighborhood in Worcester, MA
  • Comprised of all one-bedroom apartments with ability to utilize the extra den for a second bedroom.
  • All utilities are separated and responsible by the tenant including electric and gas.
  • Long term, strong tenancy with ability to increase rents to local market rates.
  • Centrally located property between College of Holy Cross and Clark University.

Exclusively Listed By

Financing By

Multifamily

11 Fifth Ave

Listing Price: $739,000

Cap Rate
5.98%
Number of Units
6
Occupancy
97.0%
Price/Unit
$123,167
Price/Gross SF
$105.66
Gross SF
6,994

Investment Highlights

  • Six-unit apartment building located on Vernon Hill neighborhood in Worcester, MA
  • Comprised of all one-bedroom apartments with ability to utilize the extra den for a second bedroom.
  • All utilities are separated and responsible by the tenant including electric and gas.
  • Long term, strong tenancy with ability to increase rents to local market rates.
  • Centrally located property between College of Holy Cross and Clark University.

Investment Overview

Marcus & Millichap is excited to present 11 5th Avenue located in the Vernon Hill neighborhood of Worcester, MA. The building is comprised of all one-bedroom units with all similar layouts. The utilities are all separated and responsible by the the tenant. Significant upside to convert the extra den into a second bedroom and raise rents to local market rates.

Exclusively Listed By

Financing By

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