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20 Loudon Street Worcester , MA 01610
$7,500
You save 1% of the purchase
5 bed | 5 bath | 5,943sqft | $3,696 est. monthly cost
$750,000
List Price
Home Information
20 Rooms
5 Bedrooms
5 Bathrooms
5 Parking
20 Loudon Street is a five-unit apartment building next to Clark University that features all one-bed/one-bath apartments. The units feature oak cabinets, tile, carpet and hardwood flooring, and white/gas appliances. The building has gas-fired boiler steam heat. All utilities are included in the rents. Off-street parking and coin-op laundry are available for tenants. New boiler and newer roof. The current owner operates their business out of the barn/office and plan to become the 6th tenant where separate electric and gas utilities are available. Buyers have the ability to acquire a fully occupied and stabilized asset with significant upside to increase rents due to long term tenancy. Loudon Street is located on the edge of Clark University where off-campus housing is highly demanded and presents an opportunity for buyers to capitalize on significantly higher than average market rents.
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Property type
Multi-family
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# of Bedrooms
5
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# of Bathrooms
5
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# Number of Units
5
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Year Built
1890
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Size
5,943
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Lot Size
7,840
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HOA
None
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Basement
Yes
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Heating
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Total Parking
5
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Roof Material
Asphalt/Fiberglass Shingles
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Flooring