Investment Analysis — 271 Mill St

Worcester, MA 01602

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01602 carries an estimated $1,730/mo in gross rent — about a 1.21% cap rate and $14,186/yr in estimated NOI at the $1,175,000 list price. Adjust every assumption in the calculator below.

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Rare development opportunity! Approximately 7± acres zoned BL-1 with significant frontage on Mill Street and existing access via Richard Healy Road.Conceptual redevelopment plans illustrate the potential for a muti-unit apartment building, four duplex lots (8 additional units), associated parking, and landscaped open space.Ideally situated with convenient access to major routes, shopping, employment centers, and local amenities. Public water, sewer, and other utilities are available in the area. Buyers are encouraged to perform their own due diligence regarding zoning, permitting, site approvals, engineering requirements, utility availability, environmental conditions, and development potential. A unique opportunity for developers, investors, and builders seeking a large-scale residential redevelopment project in a growing market.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.