Sold
Last Sold Price
23 beds8,176 sqft
21 Sycamore St, Worcester, MA 01608
Multi FamilyProperty Type
0.13 acresLot Size
1890Year Built
$135/sq ftPrice per sq ft

Description

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...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)
  • Listed by: Stephen Martin • Lux Realty North Shore
Listing closed: 06/21/2021 12:00 AM • Source: MLS PIN, MLS#: 72788421

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Location

Listing Courtesy of Lux Realty North Shore, Stephen Martin

Sold By William Raveis R.E. & Home Services, Nina Sable

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$6,561 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,872

Property Taxes

$689

HOA Dues

$0

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Property Information for 21 Sycamore Street

Property Details
  • Taxes: $8,265 / year
  • MLS Type: Multi-family / 5-9 Family
  • Town: Worcester
  • Area: MA-Worcester
  • Garage Spaces: 0
  • Open Parking Spaces: .00
Building Information
  • Stories: 3
  • Residences: 7
  • Year Built: 1890
  • Lot Size: 0.13 AC / 5,777 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School
  • Current Financing: Cash
  • Living Area: 8176.0
  • Color: blue
  • Total Units: 7
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Partial
  • Num of Baths: 7.0
  • Num of Full Baths: 7
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 7.00
  • Bathrooms Total Integer: 7
  • FireplaceYN: No
  • Fireplaces: 0
Exterior Features
  • Construction: Frame
  • Lot Description: Corner Lot
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:03 B:008 L:00029,1763831
  • Assessments: $486,200
  • Book: 60309
  • Tax Year: 2020
  • Zoning: BG-3
Building / Association Information
Living Characteristics
  • Beds Total: 23
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter, Block, Stone, Brick/Mortar
Income / Expenses
  • Electricity: $2,630.00
  • Annual Expenses Source: Owner
  • GOI: $111,888.00
  • Gross Scheduled Income: $1,356.00
  • Insurance: $4,285.00
  • GRE: $28,971
  • MGF: $4,200
  • RFS: $2,400
  • NOI: $82,917.00
  • Operating Expense: $28,971.00
  • WSE: $5,900.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 0
Unit 2 Description
  • Floor U2: 0
  • Lease U2: Y
  • Levels U2: 0
Unit 3 Description
  • Floor U3: 0
  • Lease U3: Y
  • Levels U3: 0
Unit 4 Description
  • Floor U4: 0
  • Lease U4: Y
  • Levels U4: 0
Rental Info
Rental Info
  • Total Actual Rent: $9,324.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 21 Sycamore Street

DateEvent & SourcePriceAppreciation
Jun 21, 2021

Sold

MLS PIN #72788421

$1,100,000—
Mar 7, 2021

Contingent

MLS PIN #72788421

—
Feb 22, 2021

Listed (Active)

MLS PIN #72788421

$1,089,000—
DateEvent & SourcePrice
06/21/2021

Sold

MLS PIN #72788421

$1,100,000
03/07/2021

Contingent

MLS PIN #72788421

—
02/22/2021

Listed (Active)

MLS PIN #72788421

$1,089,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 21 Sycamore Street

Taxable ValueLand$52,800Additions$1,235,200Total$1,288,000
Tax Record2025$16,989 ($1,416 / month)
Home Facts
Baths7Total Finished SqFt8,176 SqFtAbove Grade Finished SqFt8,176 SqFtUnfinished Basement SqFt528 SqFtStories3Lot Size5,777 SqFtStyleMulti-Family Res (5+ Units)Year Built1890Year Renovated1890ZoningBG-3CountyWORCESTERAPNWORC M:03 B:008 L:00029

Schools near 21 Sycamore Street

This home is within Worcester School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - K to 6
Public - 7 to 8
Rating
School
Distance
Jacob Hiatt Magnet School
PublicPK to 6

Worcester Dual Language Magnet School
PublicPK to 6

Chandler Elementary Community School
PublicK to 6

Worcester East Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 21 Sycamore Street, Worcester, MA 01608
$1,100,000
23
8,176
5,777
$2,500
–
–
–
3,108
–
–
–
22,101
22,116
$37,500
–
–
–
4,781
$980,000
25
13,285
14,415
$27,000
–
–
–
–

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lux Realty North Shore, Stephen Martin

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its 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.