This well-maintained 6-unit student rental property at 18 Crystal St Worcester, MA features six spacious 5-bedroom 2-bathroom units totaling 12,423 SF of living area. Each unit was extensively renovated and reconfigured to current layouts in 2021. Renovations include new kitchens, adding a second full bathroom, new electrical, new windows, and a new roof. Additionally, each unit has their own coin-op laundry room. All units are separately metered for heat, hot water, and electricity which the tenants pay directly. Following the renovation the seller has exclusively rented to students and hasn’t had a single vacant unit. The units are currently rented to a mix of Clark University graduate students and Anna Maria College athletes. 18 Crystal is well-positioned in Worcester just steps from Clark University and a short drive to the other colleges. Listed at a 8.8% cap rate.
18 Crystal St, Worcester, MA, 01603
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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