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60 Richards St 6,500 SF Flex Condo Unit Offered at $1,950,000 in Worcester, MA 01603
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 2.00% |
| Sale Type | Investment |
| Cap Rate | 2.00% |
Description
Presenting a rare investment opportunity to acquire a 5-unit portfolio within a well-maintained 9 unit condominium complex at 60 Richards st, Worcester MA was built in 2024-2025. This sale represents over 50% ownership of entire association, offering the incoming owner significant control over the building's management and future capital improvements. 5 individual condo units delivered as a single investment package. Ideal for 1031 exchange. Each unit has 3 bedrooms and 2 full baths and 2 cars garage. Approximately 1300f for living spaces. A federal designated Opportunity Zone, perfect for sophisticated investors looking to leverage powerful tax incentives. Walk to Clark University. Easy to access highway and many amenities.
Sale Notes
Presenting a rare investment opportunity to acquire a 5-unit portfolio within a well-maintained 9 unit condominium complex at 60 Richards st, Worcester MA was built in 2024-2025. This sale represents over 50% ownership of entire association, offering the incoming owner significant control over the building's management and future capital improvements. 5 individual condo units delivered as a single investment package. Ideal for 1031 exchange. Each unit has 3 bedrooms and 2 full baths and 2 cars garage. Approximately 1300f for living spaces. A federal designated Opportunity Zone, perfect for sophisticated investors looking to leverage powerful tax incentives. Walk to Clark University. Easy to access highway and many amenities.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5 units | 6,500 SF | Flex | $1,950,000 ($300.00/SF) | $39,000 |
Unit 5 units
| Unit Size |
| 6,500 SF |
| Condo Use |
| Flex |
| Price |
| $1,950,000 ($300.00/SF) |
| NOI |
| $39,000 |
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Unit 5 units
| Unit Size | 6,500 SF |
| Condo Use | Flex |
| Price | $1,950,000 ($300.00/SF) |
| NOI | $39,000 |
| Sale Type | Investment |
| Cap Rate | 2.00% |
| Description | |
| Presenting a rare investment opportunity to acquire a 5-unit portfolio within a well-maintained 9 unit condominium complex at 60 Richards st, Worcester MA was built in 2024-2025. This sale represents over 50% ownership of entire association, offering the incoming owner significant control over the building's management and future capital improvements. 5 individual condo units delivered as a single investment package. Ideal for 1031 exchange. Each unit has 3 bedrooms and 2 full baths and 2 cars garage. Approximately 1300f for living spaces. A federal designated Opportunity Zone, perfect for sophisticated investors looking to leverage powerful tax incentives. Walk to Clark University. Easy to access highway and many amenities.</li></ul> | |
| Sale Notes | |
| Presenting a rare investment opportunity to acquire a 5-unit portfolio within a well-maintained 9 unit condominium complex at 60 Richards st, Worcester MA was built in 2024-2025. This sale represents over 50% ownership of entire association, offering the incoming owner significant control over the building's management and future capital improvements. 5 individual condo units delivered as a single investment package. Ideal for 1031 exchange. Each unit has 3 bedrooms and 2 full baths and 2 cars garage. Approximately 1300f for living spaces. A federal designated Opportunity Zone, perfect for sophisticated investors looking to leverage powerful tax incentives. Walk to Clark University. Easy to access highway and many amenities.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 14,503 SF | Floors | 3 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 1,300 SF |
| Property Subtype | Apartment | Year Built | 2025 |
| Building Class | B | Lot Size | 0.47 AC |
| Total Building Size | 14,503 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 1,300 SF |
| Year Built | 2025 |
| Lot Size | 0.47 AC |
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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60 Richards St