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28 Sever St, Worcester, MA 01609

  • $1,499,000

  • 18

    bed

  • 8

    bath

  • 5,596

    Sqft ($268/Sqft)

Multi-family for sale 5 hours
11 homes bought nearby with Movoto recently

About 28 Sever St

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 8,235 Sqft
Movoto estimate
Property description
Exceptional WPI Student Housing Investment Opportunity! Massive, fully occupied 7-unit property with monthly income of $14,200 and ideally located within close proximity of WPI and the heart of Worcester’s premier student rental corridor. All seven apartments are leased through Summer 2027, providing immediate, stable cash flow, with six of seven units leased to WPI students. Electricity is separately metered, with tenants responsible for their own electric and internet, helping keep operating expenses low. Recent capital improvements include a new roof with gutter system, upgraded electrical service and panels, and extensive interior updates throughout multiple apartments. Additional income is generated by the on-site coin-op laundry. A true turnkey investment offering strong tenant demand, long-term income stability, and an exceptional location just minutes from WPI, restaurants, shopping, and all downtown Worcester can offer. Rare opportunity to acquire a fully leased, student-focused asset with near-term income security. apt 1: 2bd 1 ba: $1500 apt 2: 2bd 1ba: $1500 apt 3: 3bd 1ba: 2100 apt 4: 2bd 1ba: 1700 apt 5: 3bd 1ba :$2100 apt 6: 1bd 1ba: $1400 apt 7: 5 bd 1.5ba: $3900.
Listed by
Listing Agent - Brian Allen
Listing Office - Property Investors & Advisors, LLC
Source: MLS Property Information Network, Inc. mls logo
MLS#73565816 • last updated 5 hours ago
Movoto checked MLS Property Information Network, Inc. for data 2 minutes ago
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Overview
Levels/Style 5, 5
MLS # 73565816
Type Residential Income
Status Active
SubType 5-9 Family
SqFt 5596
Lot Size (SqFt) 8235
Lot Size (Acres) 0.19
Annual Property Tax 11205
Year Built 1920
Interior
Total # of Bathrooms 8
# Full Baths 7
# Half Baths 1
Total # of Bedrooms 18
Total # of Rooms 29
# Fireplaces 5
Exterior
Foundation Irregular
Parking Desc Off Street
# Parking Spaces 6
Lot Desc Other
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Worcester
Zoning RL-7
APN M:02 B:046 L:00056, 1763624
Directions Off Elm Street By WPI
Multifamily Details
Net Operating Income 171600
Operating Expense 5800
Total Actual Rent 14200
Gross Income 171600
Gross Scheduled Income 5800
Lot/ Land Details
Road Frontage Public
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