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$4,250,000
Est. payment /mo
36 Beds
18 Baths
14,760 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 14,760 sqft
Price per Sqft $287
MLS Listing ID 73368911
Bedrooms 36
Full Baths 18
Year Built 1970
Annual Tax Amount $14,327
Tax Year 2024
Property Sub-Type 5+ Family - 5+ Units Side by Side
Property Description
Townhouse Court Apartments presents investors with a compelling opportunity to acquire a well-located, value-add multifamily asset in Spencer, Massachusetts. Comprising (2) adjacent 9-unit buildings totaling 18 townhouse-style residences, the property offers immediate upside through interior upgrades and rent repositioning. All units feature desirable two-bedroom layouts with direct access, individual utility metering, and a surface parking lot. Townhouse Court has benefitted from recent exterior and landscaping upgrades, while select unit renovations have demonstrated strong rental premiums. Located just off Route 9 and less than 30 minutes to Downtown Worcester and the Mass Pike (Route 90), the property is ideally situated for commuter access, regional employment, and long-term tenant retention. With strong fundamentals, below-market rents, and clear value enhancement potential, Townhouse Court Apartments is positioned to deliver outsized returns in a tight Central MA market.
Location
State MA
County Worcester
Zoning SR
Direction N Main, East Greenville St
Interior
Flooring Wood
Exterior
Roof Type Shingle
Total Parking Spaces 30
Garage No
Building
Lot Description Other
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Matthews Real Estate Investment Services, Inc.
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Michael Mahoney
Real Estate Agent | License ID: 9051300
Real Estate Agent License ID: 9051300