15 King Philip Rd Worcester, MA 01606

This exceptional investment opportunity presents a stabilized, six-unit apartment building located at 15 King Philip Road in Worcester, Massachusetts. The property consists of two three-story buildings totaling 10,061 square feet on a single parcel, offering a combined net rentable area of 6,206 square feet. Built in 1898, the property is classified as a Class C multifamily investment and is zoned 1110 - apt 4-8 unit, allowing for potential future development or expansion. The asking price is $1,500,000, translating to $250,000 per unit and $149.09 per square foot. Five out of the six units have recently undergone interior remodeling, ensuring high-quality living spaces for tenants. Currently, most units are under lease, generating a consistent cash flow for the new owner. This is a rare chance to acquire a well-maintained, income-producing property in a desirable Worcester location. The property's strong rental history and recent renovations make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture. This turnkey opportunity offers immediate cash flow and potential for long-term appreciation. The seller, a retiring family, is offering this property as part of a larger portfolio sale.