$4,250,000 ($287.94 per sqft)

Est. Mortgage $21,490/mo *

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0 Townhouse Court, Spencer, MA, 01562

0 Townhouse Court, Spencer, MA, 01562
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72 rooms

36 beds

18 Full baths

1970

14,760 sqft

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.

Status:

Active

Type:

Multi-family

Units:

18

Zoning:

SR

Levels:

4

Parking:

30-car, Off Street

Est. Taxes:

$14,327

Assessment

$1,252,400

Construction

Frame

Lot Description:

Other

MLS #:

73368911

Community Info

School Info

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Listing courtesy of Nicholaus Jasinski, Matthews Real Estate Investment Services, Inc. Phone: 866-889-0550