Town House Ct | Spencer, MA 01562
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Town House Ct
Spencer, MA 01562
TOWNHOUSE COURT APARTMENTS · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Under-market rents and partial renovations offer clear upside through unit upgrades and rent increases.
- Situated directly off Route 9, with quick access to the Mass Pike (Route 90), Downtown Worcester, and Worcester Regional Airport.
- Exterior and landscaping upgrades completed; interior renovations in 12 units have proven out rent growth potential.
- All 18 units are two-bedroom, townhouse-style apartments with direct access, catering to a strong, long-term tenant base.
- Individually metered for heat, hot water, and electric, lowering operating expenses for the landlord.
- Limited new supply in Spencer and surrounding towns enhances the appeal of well-located existing assets.
PROPERTY FACTS
| No. Units | 18 | Lot Size | 1.08 AC |
| Property Type | Multifamily | Building Size | 14,760 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 2.51/1,000 SF |
| Zoning | SR | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.08 AC |
| Building Size | 14,760 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.51/1,000 SF |
| Zoning | SR |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | - | - |
PROPERTY TAXES
| Parcel Number | SPEN-000015U-000063 | Improvements Assessment | $1,156,400 |
| Land Assessment | $180,000 | Total Assessment | $1,336,400 |
PROPERTY TAXES
Parcel Number
SPEN-000015U-000063
Land Assessment
$180,000
Improvements Assessment
$1,156,400
Total Assessment
$1,336,400
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