SOLD by Stephen Martin- 21 Sycamore Street, Worcester- $1,100,000- Steve's excellent advice allowed for his Seller to capitalize on a hot market and sell their turn-key, 7-unit property for over asking!
**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. The 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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