RE/MAX Advantage I

7 sycamore, Worcester, MA 01608

Commercial

$699,000
Price

2
Buildings
5+ Residential
Type of Comm.
6,410.00
Lot Size
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 license, sprinklers and an in house manager. Owner tells me that vacancy is not a problem, if someone moves out, there is someone ready to move in. Gross rent is $108,780 yearly. Expenses include 5% each for vacancy, management, and maintenance. This brings the net to $60,090.00. Most of the rent have been raised as of Aug 1st which improves the gross that are still below market and have not yet been put into this gross. A few of the tenants have been in the building several years. The income also does not include the coin op washer and dryers. There has never been a 5% vacancy. the 5% for management is not a statement of what this manage is being paid, but just an industry standard number. New owner can work out their own deal with this manage or their own new manager.
Open House
No scheduled Open Houses
Highlights
Lot Size: 6,410.00
Acres: 0.15
List Price: $699,000
Type: Commercial
Type of Comm.: 5+ Residential
Status: Active
Stories: 3
Buildings: 2
Total Units: 17
Total Sq. Ft.: 7,623
Year Built: 1920
Approx. GLA: 7,623
MLS#: 72196968
 
 
Interior
Ceiling Height: See Details Now
Elevator: See Details Now
Fire Places: See Details Now
Exterior
Water: See Details Now
Acres: 0.15
Depth: See Details Now
Space Dividable: See Details Now
Easements: See Details Now
Expandable: See Details Now
Handicap Access: See Details Now
Lot Size: 6,410.00
Parking Spaces: 3
Parking Features: 1-10 Spaces, Open, On Site
Construction: See Details Now
Railroad Siding: See Details Now
Roof Material: See Details Now
Site Condition: See Details Now
Sprinklers: See Details Now
Traffic Count: See Details Now
Underground Tank: See Details Now
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Taxes
Short Sale Lender Approval: See Details
Lender Owned: See Details
21E On File: See Details
Assoc. Fee Includes: See Details
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Lien and Encumbent: See Details
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Lease Price Includes: See Details
Sublet: See Details
Plat Plan: See Details
Special Financing: See Details
Survey: See Details
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Zoning: See Details
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Features
Manufacturing Sq. Ft.: See Details
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Office Units: See Details
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Residential Sq. Ft.: See Details
Residential Units: See Details
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Additional
Exclusions: See Details Now
Disclosure Declaration: See Details Now
Disclosure: See Details Now
For Lease: See Details Now
Lease Type: See Details Now
Space Available: For Sale
Map
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The listing office is Real Living Barbera Associates | Worcester and the listing agent is Robert Sweeney. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/13/2017 11:35:00 AM.
 
Mark Consolmagno Michelle Curran Team
Mark Consolmagno Michelle Curran Team
REALTORS®
RE/MAX Advantage I