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.
For sale
Price cut: $150K (6/4)
$4,100,000
0 Town House Ct, Spencer, MA 01562
36beds
14,760sqft
Est.:
5+ Family - 5+ Units Side by Side
Built in 1970
-- sqft lot
$286,500 Zestimate®
$278/sqft
$-- HOA
What's special
Surface parking lotIndividual utility meteringSelect unit renovationsDesirable two-bedroom layouts
- 112 days
- on Zillow |
- 439 |
- 18 |
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