2 Ureco Ter Portfolio
Worcester, MA 01602

$4,850,000

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Listing Details

$4,850,000
MLS# 73546562
Type Commercial - Investment
Status Active

26,656
Square Feet
1.000 acres
Lot Size
1910
Year Built

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Listed By

Agency Name: BA Property & Lifestyle Advisors
Agent Name: Michael Barbera
Agency Phone: 508-852-4227

Shown By

Agent Name: Sarah Sally
Agent Phone: (781) 251-0080
Agency Title: Donahue Real Estate Co.

Home Value Estimate

Description

Rare opportunity to acquire a clustered 24-unit multifamily portfolio in Worcester's highly desirable Newton Square/West Side neighborhood. Five properties ?? 827 Pleasant St (10 units), 2 Ureco Terrace (9 units), 7??9 Ureco Terrace (2 units), 831 Pleasant St (2 units), and 3 Ureco Terrace (1 unit) ?? all situated along a single private drive, delivering concentrated operational efficiency unavailable in dispersed portfolios. 95.8% occupied with gross scheduled rent of $475,800/yr and stabilized NOI of $240,197. Average in-place rent of $1,724/month with meaningful near-term upside given the premium Newton Square location and ~$395,000 in...read more

Features

$68,892 Taxes
Built in 1910

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