$4,025,000
36
Beds
18
Baths
14,760
Living Area
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Property Description
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.
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Highlights
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1970
- Parking Spots: 30
- Property Type: 5+ Family - 5+ Units Side by Side
- Total Rooms: 72
- Status: Closed
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Additional Details
- Construction: Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
- Total Number of Units: 18
- Year Built Source: Public Records
- Flooring: Wood
- Lot Features: Other
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Sr
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Amenities
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,252,400
- Taxes: $14,327
- Tax Year: 2024
- Total Rent: $3,995
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