Henchman & Moen Multi-Family FOR SALE


Worcester, MA
$2,950,000 USD
781-776-4000
, Worcester, MA for Sale
$2,950,000 USD
Multi-Family - FOR SALE
1/14
null | 7.29% Cap Rate

Henchman & Moen
Worcester, MA


HIGHLIGHTS

  • Strong Location
  • Transit Oriented Locatoin
  • Access to Amenities
  • Higher Education Economic Drivers
  • Burgeoning Biotech Industry
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the sale of Henchman & Moen, three adjoining multi-family investment properties located at 2 & 2 ½ Henchman Street and 8 Moen Street in Worcester, Massachusetts (the “Property”). Henchman & Moen consists of three (3), three-story buildings with thirteen (13) residential units comprised of six (6), 2-Bedroom/1- Bathroom units and seven (7), 3-Bedroom/1-Bathroom units with 15,075 square feet of living area in 20,263 square feet of gross area on a 0.26-acre parcel. The Property features an on-site laundry facility and three (3) onsite parking spaces. Henchman & Moen offers comprehensively renovated units. Eleven (11) of the thirteen (13) units have been extensively renovated featuring new kitchens, bathrooms, and flooring. The properties are separately metered for heat, hot water, and electricity which the tenants pay directly. Additionally, all units have lead certificates. Henchman & Moen is well-located on the edge of the Bell Hill neighborhood of Worcester, just a short walk from Worcester’s Downtown and less than 0.5-miles from the Worcester Polytechnic Institute and 2-miles from UMass Chan Medical School campuses. Worcester features a walkable downtown with a plethora of employment and entertainment opportunities. High profile attractions include the DCU Center and Palladium venues, and UMass Memorial Medical Center, the largest employer in the city. There are eight colleges and universities in Worcester, which brings a large student population (more than 36,000) to the rental market.

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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