10-12 Worcester, Cambridge, MA

• Purchased multi-family apartment building on a large lot in November 2000 for $104 per square foot
  
• Converted to condominiums and sold half of units in 2001
  Rented in 2001 and 2002
  
• Sold balance of units by April 2002
• Average condo sale price was $346,000 or $277 per square foot
  
• Realized IRR of 93% +

Building exterior 1

Building exterior 2

Building exterior 3

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