13-15 Gates St - Apartments FOR SALE


Worcester, MA 01610- University Park
$1,500,000 USD
781-718-9268
13-15 Gates St, Worcester, MA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/8
null | 7.02% Cap Rate

13-15 Gates St
Worcester, MA 01610
University Park


OVERVIEW

Marcus & Millichap is pleased to present the Gates Street Apartments located in Worcester, MA. The property is roughly .34 acres and improved with a 10-unit apartment building, featuring five one-bedrooms and five studio apartments. The building is located across the street from Clark University and centrally located among area amenities and local WRTA bus transit. Buyers have ability to acquire a cash-flowing 10-unit apartment building with significant upside to tailor to the student housing market in one of the most demanded markets in the Northeast.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

10

PRICE/UNIT

$150,000

CAP RATE

7.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

RG-5, Worcester

APN/PARCEL ID

WORC-000007-000006-000029

ASK ABOUT THIS PROPERTY

Matthew PierceMarcus & MillichapMore Info
781-718-9268

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

Matthew PierceMarcus & MillichapMore Info
781-718-9268

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