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Commercial Real Estate For Sale
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 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 $67,630.00. 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.
$699,000.00
MLS#:72196968
Listing Office:Real Living Barbera Associates | Worcester
Listing Agent:Robert Sweeney
Office Phone:(508) 852-4227
Address: 7 sycamore
City:Worcester
State:Massachusetts
ZIP Code:01608
Property Type:Commercial/Industrial
Lot Size:6410.00
Property Size:7623.00
Year Built:1920
Parking Spaces:3
Parking Feature:1-10 Spaces,Open,On Site
Instruction:email: bobsweeneysr@aol.com need at lease 24 hrs
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