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7 Sycamore, Worcester, Massachusetts

$699,00017 Beds5 BathsActive

7 Sycamore, Worcester, Massachusetts 01608
- MLS® ID: 72201975

Property Details

7 Sycamore, Worcester, Massachusetts 01608 - CASH COW, This property has been well kept by the same owners for many years, now retiring. It consists of two 1 bedroom apartments and a 15 room boarding house. Completely compliant with licenses, sprinklers and a great in house manage. Owner tells me vacancy is not a problem if someone moves out, someone else is ready to move in. Gross rent of $108,780 yearly. Expenses include 5% each for vacancy, management and Maintenance.. This brings the net to $67,630.00. Some of the rents have been raised as of Aug 1st which improves the gross rental income but the numbers in this listing are still the older gross, A few of the tenants have been here for several years. The income does not include the coin op washer and dryers. The rents are still below market. There has never been a 5% vacancy. the 5% for management is not a statement of what the current manager is getting just a standard industry number, new owner could work our their own deal with this manager or their own new one


  • Zip01608
  • CountyWorcester
  • SQFT7623
  • Bedrooms17
  • Full baths5
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-family
  • Zoning typeBG3
  • Year built1920
  • SewerCity/Town Sewer
  • Parking3
  • Tax amount$6,261.88
  • Tax year2017
  • Agent ID453000376
  • Agent nameRobert Sweeney
  • MLS® ID72201975

Listing Courtesy of Real Living Barbera Associates | Worcester

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“Karen's positive energy and enthusiasm lead me to list with her. Her knowledge of the area and community were key assets, that enabled her to find a buyer quickly for the home. She was always available to answer questions and guide me through the selling process. She held my hand throughout the entire process if there was a bump in the road, her can do attitude found a solution and kept things moving forward. She went above and beyond for me, and I am so grateful to her.”

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