53 West Street Worcester, MA 01609
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Presenting 53 West Street, part of The Worcester Portfolio located in the coveted Elm Park neighborhood of Worcester, MA. The portfolio, an irreplaceable collection of nine (9) former mansions, is configured for short-term rental and dormitory use. The buildings are 100% leased to a local university through July 2029. The portfolio consists of 262 beds across 122 bedrooms in the 9 buildings, with a mixture of shared and private bathrooms and common facilities. Substantially renovated in 2021/2022, and exceptionally located in the heart of Worcester, the Worcester Portfolio is a rare investment opportunity that offers attractive and secure cash flow and significant long-term upside. The portfolio is offered for sale with an asking price and $19,700,000, equating to 7.0% cap rate on the in-place income.
|3 weeks ago||Listing updated with changes from the MLS|
|3 months ago||Listing first seen online|