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29-UNIT Brick Multifamily 21 Fruit St 29 Unit Apartment Building $6,300,000 ($217,241/Unit) 6.22% Cap Rate Worcester, MA 01609
INVESTMENT HIGHLIGHTS
- EXISTING CASH FLOW AND UPSIDE
- EXCELLENT LOCATION NEAR ELM PARK AND WPI
- CURB APPEAL & RECENT CAPITAL IMPROVEMENTS
EXECUTIVE SUMMARY
Hunneman is pleased to present an exceptional investment opportunity at 21 Fruit Street, a 29-unit brick apartment building located in Worcester, MA. This well-maintained property offers a mix of attractive units that appeal to families, young professionals, and students alike.
capital improvements have significantly enhanced the property’s overall condition, while its prime location has contributed to strong historical occupancy and consistent cash flow. Ideally positioned near downtown Worcester, the building offers convenient access to WPI, Elm Park, and the city’s Central Business District.
capital improvements have significantly enhanced the property’s overall condition, while its prime location has contributed to strong historical occupancy and consistent cash flow. Ideally positioned near downtown Worcester, the building offers convenient access to WPI, Elm Park, and the city’s Central Business District.
PROPERTY FACTS
| Price | $6,300,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $217,241 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 6.22% | Building Size | 25,088 SF |
| No. Units | 29 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | ||
| Zoning | BO-1.0 | ||
| Price | $6,300,000 |
| Price Per Unit | $217,241 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 25,088 SF |
| No. Stories | 4 |
| Year Built | 1935 |
| Zoning | BO-1.0 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
| 2+1 | 9 | - | - |
| Studios | 2 | - | - |
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Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | WORC-000002-000046-000059 | Improvements Assessment | $2,618,100 |
| Land Assessment | $2,465,000 | Total Assessment | $5,083,100 |
PROPERTY TAXES
Parcel Number
WORC-000002-000046-000059
Land Assessment
$2,465,000
Improvements Assessment
$2,618,100
Total Assessment
$5,083,100
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29-UNIT Brick Multifamily | 21 Fruit St
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