This 8 building, 24 unit portfolio offers 87 bedrooms with the potential for 96 rentable bedrooms. The portfolio offers investors a critical mass portfolio with attractive operating efficiencies and a very strong tenant base. Historically the City of Worcester only allowed three (3) bedrooms per unit but recently the Massachusetts Supreme Judicial court increased the allowed number of bedrooms per unit to four (4) allowing for the potential for ninety-six (96) total bedrooms in the portfolio. With excellent student demand the portfolio has proven historically low vacancy rates and has been occupied by students from numerous universities including Holy Cross, Worcester State, Clark University, and Worcester Polytechnic Institution.
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