William Raveis R.e. & Home Services
Nina Sable and Claudia Shepherd Sable Homes Metro-West, Downsizing and Estates, William Raveis R.e. & Home ServicesPhone: (508) 733-8935
Email: [email protected]
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listing
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MultifamilySold
List Price $1,089,000
Sold Price $1,100,000
21 Sycamore St
Worcester, MA 01608
Courtesy of Lux Realty North Shore - Stephen Martin
MLS Property Information Network
23Beds
7Baths
8,176Sq Ft
Est. Mortgage
$5,721/mo

**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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Information courtesy of Lux Realty North Shore is subject to verification and is not guaranteed.
Community / School Information