3 Rugby LLC Acquires 17-Unit Multifamily Building On Rugby Street In Worcester, MA For $2.5M
3-5 Rugby Street
Summary
NAI Glickman Kovago & Jacobs has facilitated the $2.5 million sale of a 17-unit apartment building located at 3-5 Rugby St. in Worcester, MA. The buyer, 3 Rugby LLC, has the opportunity to expand its rental portfolio with this value-add acquisition, while 14 of the units are leased to Friendly House Inc., a local non-profit providing housing assistance and community services.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 17
- Price Per Unit (PPU): $147,059
- Buyer: 3 Rugby LLC
- Seller: CAJ Rugby LLC
- Brokers: David Eldredge & Tim Whittredge - NAI Glickman Kovago & Jacobs
The sale of the property at 3-5 Rugby St. in Worcester, MA was facilitated by NAI Glickman Kovago & Jacobs. The buyer, represented by brokers David Eldredge and Tim Whittredge from NAI Glickman Kovago & Jacobs, saw an opportunity to expand their rental portfolio with this value-add acquisition. On the other hand, 14 of the units in the building are currently leased to Friendly House Inc., a local non-profit organization that provides housing assistance and community services to the area.
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