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9 HemansWorcester, MA 01605MLS Number 72317700

  • Price: $12,800,000The price has recently decreased
  • 58 Days on Market
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 4.57% last updated on 2018-06-21

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 3.02Acreage
  • 2018Year Built
  • 48620Square Feet
  • 132Parking Spaces

Offered here is a chance to buy a newly built 64-unit apartment complex in Worcester. Construction starts in the fall. Consists of 44 2-bedroom and 20 one-bedroom units built. It's possible at this point to change unit mix. Planned right now are: 20 1-brm units @ 540sf, 24 2-bdrm @ 805sf, and 20 2-bdrm corner units @ 925sf. All are built to condo specifications. Handed over TURN KEY. Or, investor could elect to put 1.5M down, sign on loan with builder, and get 40% ownership of the complex. Worcester was recently named by Axios as one of the nation’s top 10 up-and-coming tech startup hubs. Google "new construction apartments in Worcester" and see the rents there! Less than 1.25 mi from Worcester Polytech Institute.

Listed by Stephanie Connors of SR Commercial Realty

Driving Directions

Andrew Mitchell & Co.

Your Local Office

Andrew Mitchell & Co.
369 Wareham Road
Marion MA, 02738

Office: 508-858-1520

More Info

Parking

  • Parking Spaces132
  • Parking Feature21+ Spaces, On Site

Building

  • Year Built2018
  • ConstructionSteel
  • Total Units64
  • Total Bldg Sf48620
  • Rsu Units64
  • No Buildings1
  • No Stories6
  • Sub DividableNo
  • Entry OnlyNo

Basic Information

  • StatusACT
  • MLS Number72317700
  • Prop TypeCI
  • Status Date2018-05-30T14:03:00
  • Date Listed04/28/2018
  • List Price$12,800,000
  • LeaseNo
  • DirectionEasy access to 291

Exterior

  • Railroad SidingNo

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas

Photos

  • Photo Date2018-04-30T20:13:00
  • Number of Photos2

Location

  • Building Number9
  • Street No9
  • StreetHemans
  • TownWorcester
  • StateMA
  • Zip01605
  • CountyWorcester
  • LocationUrban

Property

  • Acreage3.02
  • Space AvailableFor Sale
  • Square Feet48620
  • SubletNo
  • Lot Size131551
  • Main LoAN1842

Other

  • Modification Date2018-06-03T04:05:00
  • Property Type5+ Residential
  • Listing AlertNo
  • Year Built SourceOwner
  • DisclosureNo
  • DisclosuresSquare footage is for apartments only and DOES NOT INCLUDE COMMON AREAS. Information taken from Schematic and is not exact. Floor plans can be altered.
  • Listing AgreementExclusive Agency
  • Rsf Bldg Sf48620
  • Plat PlanYes
  • ExchangeNo
  • Firm Rmk1Commission TBD for buy-in option.
  • View Count6

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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Meir Segal

at Andrew Mitchell & Company

781-424-8853 | meir@meirsegal.com Offices in Concord & Marion, Ma