111 Austin St, Worcester, MA

Description:

Attention Investors! This $5.3M investment is a mixed-use multifamily development that will feature exceptional construction with eleven (11) luxurious three bedroom & two bath, 1,300 sf units. The project is eighty (80) % complete and estimated to require $1.15M to achieve occupancy. Each unit completed with gourmet kitchens, gleaming hardwood floors, washer and dryer, walk-in closets, and multiple well-appointed bathrooms. Ample parking surrounding the building. This property is a must-see for the serious buyer seeking strong investment returns. It was appraised in January 2024 for $5.80M and market rents are projected to be $3,500/month average.