Longfellow Manor Apartments

  • Title

    Multifamily Property for Sale

  • City

    Worcester, MA

  • Price

    $2,320,000

  • Cap Rate

    8.82 %

  • Gross Leasable Area

    29,000 SF

  • No. Units

    47

  • Price/SF

    $80.00

  • Price/Unit

    $49,361

  • No. Stories

    4

  • Property Type

    Multifamily

  • Year Built

    1925

Not found amenities.

Northeast Private Client Group is pleased to present the Longfellow Manor Apartments, a 47-unit multifamily property located in Worcester,
Massachusetts.
The Longfellow Manor Apartments are comprised of 39-one bedroom and 8-two bedroom units. Tenants are responsible for their own heat and hot water which is supplied through individual gas fired units. Tenants are also responsible for their own electric expense. The property features a hardwired fire alarm system throughout, as well as a laundry room for additional income. The building was fitted with a brand new shingle roof last year.
The property is located adjacent to Clark University and is on Worcester’s public transportation bus route. A new owner can realize significant upside through more efficient property management and by raising rents to market levels.

Worcester, Worcester County MA