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21 Sycamore St Worcester , MA 01608

$10,890

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23 bed | 7 bath | 8,176sqft | $4,877 est. monthly cost

$1,089,000

List Price

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Home Information

25 Rooms

23 Bedrooms

7 Bathrooms

0 Parking

**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)

  • Property type

Multi-family

  • # of Bedrooms

23

  • # of Bathrooms

7

  • # Number of Units

7

  • Year Built

1890

  • Size

8,176

  • Lot Size

5,777

  • HOA

None

  • Basement

Yes

  • Heating

  • Total Parking

0

  • Roof Material

Asphalt/Fiberglass Shingles

  • Flooring

Unavailable