Investing in Worcester MA

[Sara W.]

Hi there! I am looking to purchase a multi family in Worcester and I am wondering if anyone can share your experience investing in Worcester residential rentals.  What area(s) in Worcester did you invest in? what is the neighborhood like and what kind of tenants demographic is there (eg. students, section 8, family?) And has anyone dealt with the Worcester Housing Authority for their section 8 tenants? If so, are they easy to work with?

I am interested in the Biotech Park and Shrewsbury areas currently because of the proximity to the commuter rail and the UMass Medical Center. Any thoughts on those two areas? Should I expect a bidding war situation? I know that some people mentioned the Salisbury St area is great but I haven't seen too many inventory in that area. Are there any area(s) that I should stay away from?

Thank you so much for your help in advance!