Oread St Portfolio FOR SALE


Worcester, MA - University Park
$3,900,000 USD
508-753-9100
, Worcester, MA for Sale
$3,900,000 USD
FOR SALE
1/3
null | 11.92% Cap Rate

Oread St Portfolio
Worcester, MA
University Park


OVERVIEW

Major investment opportunity within the multifamily sector near Downtown Worcester for sale. Located within the Worcester Federal Designated Opportunity zone right off of Main Street. Three licensed rooming houses, 12, 15 & 21, Oread Street offer a value-add investment opportunity that provides investors with the ability to reposition the assets to optimize income with new management and capital improvements. Included in the sale are two additional parking lots located at 8 and 16 Oread St, which may offer additional opportunities as well. 15 and 21 Oread Street have historical brick Victorian architecture with high ceilings throughout. The two have a combined square footage of 10,717 square feet and a total of 30 rooms and 6 1/2 bathrooms. Additionally, 12 Oread Street, a brick-built 14,899 square foot building includes 45 rooms and 16 bathrooms, plus a manager's apartment. The overwhelming demand for affordable housing in Worcester makes these properties a fantastic opportunity for the astute investor looking to capitalize on the ongoing revitalization of the downtown Worcester area.

ASK ABOUT THIS PROPERTY

David Eldredgedeldredge@glickmankovago.comMore Info
508-753-9100

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David Eldredgedeldredge@glickmankovago.comMore Info
508-753-9100

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