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.
- Parking:
- Off Street
- Construction:
- Frame
- Flooring:
- Wood
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 153
- Parking Spaces:
- 30
- Tax Year:
- 2024
- Status:
- Closed
- Price Per Sqft:
- $273
- Zoning:
- SR
- No Units:
- 18
- Orig Price:
- $4,250,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Spencer
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01562
- Longitude:
- W72° 1' 10.5''
- Latitude:
- N42° 15' 1.9''
Residential Income
0 Townhouse Court, Spencer, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $4,100,000
- Bedrooms :
- 36
- Rooms :
- 72
- Total Bathrooms :
- 18
- Full Bathrooms :
- 18
- Square Footage :
- 14,760 Sqft
- Year Built :
- 1970
- Listing ID :
- 73368911
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com