0 Townhouse Ct
spencer, MA 01562$4,100,000
- 36 BR18 BAAPPROX. 14,760 SF
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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.
Details
14,760 Sq Ft
Investment
$14,327 Annual Tax
Built in 1970
MLS/Listing ID 73368911
4 Stories
18 Units
Amenities & Features
Shingle
Parking - Off Street
Concrete Perimeter
Natural Wood
Construction - Frame
Listing Courtesy of MATTHEWS REAL ESTATE INVESTMENT SERVICES, INC., NICHOLAUS JASINSKI - 617-448-1677
Source of Data: MLS PROPERTY INFORMATION NETWORK