79-83.5 Maple Spencer MA 01562 st - Multi-Family FOR SALE
Spencer, MA 01562 |
$1,350,000 USD
617-315-4844
79-83.5 Maple Spencer MA 01562 st
Spencer, MA 01562
HIGHLIGHTS
- Below-market rents and partial renovations provide clear upside through interior unit upgrades and re-leasing.
- All units feature direct-access floorplans that live like single-family homes— ideal for long-term tenancy and potential owner-occupancy.
- Just a half mile from Route 9, with easy access to the Mass Pike, Downtown Worcester, and Worcester Regional Airport.
- Tenants pay for their own electric heat and hot water, minimizing owner expenses to just water and sewer and enhancing NOI potential.
- Exterior and landscaping upgrades completed; interior renovations to select units have proven rent upside.
- With low supply of small multifamily assets in Spencer, Maple Street Apartments provides a unique entry into a growing rental market.
FOR SALE DETAILS
PRICE
$1,350,000 USD
PRICE/SF
$373 USD /SF
# OF UNITS
6
PRICE/UNIT
$225,000
CAP RATE
7.68%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
MAPLE STREET APARTMENTS
PROPERTY TYPE
Multi-Family
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1978
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
SPEN-000007U-000065
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617-315-4844
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617-315-4844
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