For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

6 Milton St Worcester, MA 01605

For Sale
$2,500,000

12-unit multifamily property in Worcester's Poet Hill neighborhood.

Lot size:
0.24 Acres

Property Features for 6 Milton St

General Information

Lot size
0.24 Acres

Building Details

Year built
1905

Source: Property Investors & Advisors, LLC Agent Brian Allen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Worcester Multifamily Investment Opportunity

This property features 12 de-leaded residential units located in Worcester's Poet Hill neighborhood. The property is located 0.2 miles from Trolley Yard, minutes from downtown, and under 10 minutes from 8 colleges and 4 major hospitals. It features in-place income of $18,250 per month, with potential for rent growth to $24,992 per month proforma, yielding a 9% Proforma CAP Rate. The property offers efficient management and turnkey appeal for both local and out-of-town investors. The location is in one of Worcester's rental markets.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Worcester
County
Worcester
State
Massachusetts
Longitude
-71.8037215
Latitude
42.2822901

FAQs

What type of property is this?
Apartment building - 12-unit multifamily property in Worcester's Poet Hill neighborhood.
Where is this apartment building located?
The property is located at 6 Milton St Worcester, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - Strong in-place income of $18,250/month with $24,992/month proforma.; - 9% Proforma CAP Rate.; - 12 de-leaded residential units in Worcester's desirable Poet Hill neighborhood.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message