Boston investment firm purchases nine rental properties in Worcester
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80 Pleasant St. is located on the left of this brick structure.
A Boston investment firm is proposing a full renovation of a blighted 149-year-old Pleasant Street apartment building in Worcester after acquiring nine rental properties in the city.
“Worcester just has a really great growth profile going on right now,” said Robert Burpee, principal of the firm Burpee Del Simone LLC. “We just think there’s a lot of opportunity for growth in Worcester at the moment.”
The Pleasant Street property is one of nine that the team at Burpee Del Simone LLC has purchased since October 2018.
The four units at the 80 Pleasant St. building will be rented beginning next year, said Burpee.
The property was gutted by a fire in 2012 and has been vacant since. The project is slated to go before the Worcester Historical Commission for approval, since the 1870 building is listed as a historic property.
Burpee and his firm purchased the property in October for $275,000 along with multifamily property 21 King St. for $270,000, the latter of which went through a full renovation and is now fully occupied.
Other properties acquired by the firm include 152 Dewey St., 1025 Main St., 104 Southgate St., 18 Upsala St., 29 Acton St., 52 Cedar St. and 8 West St.
The firm has spent a total of just over $3 million on the multi-family properties, which Burpee said are a mix of market-rate apartments and Section 8 housing, Burpee said.
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