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.