Berkshire Hathaway HomeServices Commonwealth Real Estate
Nina Sable, Berkshire Hathaway HomeServices Commonwealth Real EstatePhone: (508) 733-8935
Email: [email protected]

Another Property Sold - 21 Sycamore St, Worcester, MA 01608

by Nina Sable 06/21/2021

21 Sycamore St, Worcester, MA 01608
List Price $1,089,000
Sold Price $1,100,000
21 Sycamore St
Worcester, MA 01608
MLS Property Information Network
8,176Sq Ft
Est. Mortgage

**EXCELLENT TURN-KEY INVESTMENT OPPORTUNITY** Fully-rented 7-unit located a block from downtown Main St & less than a mile to the NEW Polar Park, future home of Worcester Red Sox & thriving Canal district development project. Property consists of (5) - 3 bed units; (2) - 4 bed units. Property well-maintained & professionally managed. Gross rent-roll below market @ $111,888; and operating expenses @ $29,000/year. See attached income & expense breakdown. All utilities are separate. Cost/Unit of $157,000 makes it an attractive investment. Polar Park, a 10,000-seat baseball stadium,140-room extended stay hotel, 110-room boutique hotel, 225 market-rate apts, 96,000 sqft office building above, 50,000 sqft of retail & restaurants, 500+ parking spaces. This is an exciting time for the city of Worcester. The following colleges are between 4 min &10 min drive from the building (WPI, Holy Cross, Clark, Assumption College, Worcester State, UMass Medical School, Becker & Mass College of Pharmacy)

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About the Author

Nina Sable

Buying and or Selling real estate is a complicated process. We have the tools and referral partners to help you purchase or sell your home. Highly trained in selling unique homes. Or homes which need extensive repair. We have the partners that can help you navigate these steps and sell your homes for top dollar. Or purchase a home in these complicated times where you need to compete to buy a home.