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35 Lafayette St
Worcester, MA 01608
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Upon stabilization, this investment can yield a 7.93% Cap Rate and 10.13% Cash-on-Cash Return (75% LTV, 6% IR, 10 YR Term, 30 YR Am)
- Property is under a ten minute walk to Polar Park/Kelley Square, placing tenants in close proximity to Worcester's live-work-play hub
Property Facts
| No. Units | 6 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 6,576 SF |
| Property Subtype | Apartment | Average Occupancy | 0% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1900/2026 |
| Zoning | BG-3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 6,576 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2026 |
| Zoning | BG-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 3 | - | 1 |
| 1+1 | 3 | - | 1 |
Property Taxes
| Parcel Number | WORC-000005-000021-000075 | Improvements Assessment | $656,900 |
| Land Assessment | $75,000 | Total Assessment | $731,900 |
Property Taxes
Parcel Number
WORC-000005-000021-000075
Land Assessment
$75,000
Improvements Assessment
$656,900
Total Assessment
$731,900
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