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SOLD 6/21/2021

21 Sycamore St, Worcester, MA 01608$1,100,000

23
beds
7
baths
8176
ft2
· 5777
ft2 lot
$135 / ft2

Listing provided courtesy of Listing Broker: Stephen Martin, Lux Realty North Shore
Source MLS PIN;
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**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)

HOA

$—/month

On market

13 days

Year built

1890

Property type

5 9 Family

Parking

MLS

72788421

Price / Sq.Ft.

$135 / ft2

Status

Sold

Home details for 21 Sycamore St

Interior Features & Layout
Rooms Info
•   
Total Levels: 3, 1
•   
Total Levels Unit 1: 1
•   
Total Rooms Unit 1: 5
•   
Total Rooms Unit 2: 5
•   
Total Rooms Unit 3: 5
•   
Total Rooms Unit 4: 5
•   
Total Rooms: 25, 39, 25
Bedrooms Info
•   
Total Beds: 23
•   
Unit 4 Beds: 3
•   
Unit 3 Beds: 3
•   
Unit 2 Beds: 3
•   
Unit 1 Beds: 3
Bathrooms Info
•   
Full Baths: 7, 7
•   
Unit 4 Full Baths: 1
•   
Unit 3 Full Baths: 1
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 7
Exterior Features
•   
Color: blue
•   
Building Exterior Details: Wood
Property Type
•   
Property Type: 5-9 Family
•   
Mls Prop Type: 5-9 Family
•   
Mls Property Type: Multi-family
Community Features
•   
Area Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School
Lot Info
•   
Zoning: BG-3
•   
Lot Description: Corner
•   
Acres: 0.13
Building Info
•   
Sqft Source: Public Record
•   
Foundation: Poured Concrete, Concrete Block, Fieldstone, Brick
•   
Roof: Asphalt/Fiberglass Shingles
•   
Year Built Description: Approximate
•   
Water/Sewer Built: 5900
•   
Lead Paint: Certified Treated
•   
Year Built Source: Public Record
•   
Construction Materials: Frame
Basement Info
•   
Basement
•   
Basement Details: Full, Partial
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Utilities
•   
Electric: 2630
Listing Details, Costs & Financing Information
Financial Info
•   
Insurance Expenses: 4285
•   
Fin Code: Cash
•   
Finances Source: Owner Provided
•   
Apod Available
•   
Operating Expense: 12/20
Listing Info
•   
Offline Listing Number: 3199399
•   
Status: Sold
Lease Info
•   
Gross Revenue: 28971
•   
Gross Income: 111888
•   
Net Operating Income: 82917
•   
Monthly Rent Unit 1: 1350
•   
Monthly Rent Unit 2: 1260
•   
Mgf: 4200
•   
Monthly Rent Unit 3: 1200
•   
Lease 1
•   
Monthly Rent Unit 4: 1400
•   
Lease 2
•   
Lease 3
•   
Lease 4
•   
Total Rent: 9324
•   
Gross Expenses: 1356
•   
Rfs: 2400
Tax/Assessment Info
•   
Tax Year: 2020
•   
Certificate Number: 000000035751
•   
Assessed Value: 486200.00
•   
Taxes: 8265.00
•   
Apn: M:03 B:008 L:00029
Listing Contacts
•   
Selling Agent: CN212012
Terms
•   
Terms Feature: Contract for Deed
School Neighborhood & Directions
Location
•   
Street Number: 21
•   
Map Book: 60309
•   
Map Page: 165
•   
Directions: Google Maps
•   
Zip Code +4: 2213
Other
Other
•   
Main So: AN6527
Calculation
•   
Price Per Sqft: 134.54
•   
List Price Per Sqft: 133.19
•   
Sold Price Per Sqft: 134.54
•   
Cdom Property: 14
•   
Cdom Broker: 14
•   
Cdom: 14

Neighborhood snapshot

5
Properties for sale
16
Median days on market
$216.51
Median sold price/sqft
102.26%
Sold/List %
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Property History for 21 Sycamore St

06/20/2021
06/20/2021
MLS PIN #72788421
sold
MLS PIN #72788421
$1,100,000
+1.01%
03/06/2021
03/06/2021
MLS PIN #72788421
pending
MLS PIN #72788421
$1,089,000
02/22/2021
02/22/2021
MLS PIN #72788421
active
MLS PIN #72788421
$1,089,000
+162.41%
12/18/2013
12/18/2013
MLS PIN #71574660
sold
MLS PIN #71574660
$415,000

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