Boston, MA, US(change)
Residential 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 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
Listing Office:Real Living Barbera Associates | Worcester
Listing Agent:Robert Sweeney
Office Phone:(508) 852-4227
Address: 7 Sycamore
ZIP Code:01608
Property Type:Multi-family
Lot Size:6410.00
Property Size:7623.00
Year Built:1920
Parking Spaces:3
Parking Feature:Off-Street
Instruction:48 hour notice
Ad Location