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35 Lafayette St
Worcester, MA 01608 Green Island

$1,350,000 USD

Apartments For Sale  •  6,576 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,576 SF
  • Lot Size 0.1 AC
  • Building Class C
  • Year Built 1900
  • Zoning BG-3
50 Transit Score
80 Walk Score

Highlights

Upon stabilization, this investment can yield a 7.93% Cap Rate and 10.13% Cash-on-Cash Return (75% LTV, 6% IR, 10 YR Term, 30 YR Am)
Property is under a ten minute walk to Polar Park/Kelley Square, placing tenants in close proximity to Worcester's live-work-play hub

Public Transportation

Commuter RailDriveWalkDistance
Worcester Union Station (Lake Shore Limited - Amtrak) 2 min 16 min 0.9 mi
Worcester (Framingham/Worcester Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 2 min - 1.0 mi
AirportDriveWalkDistance
Worcester Regional 13 min - 6.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Connor Smith 617-896-7209 Marcus & Millichap
Connor Smith 617-896-7209 Marcus & Millichap