The Manor at Sycamore

Investment Overview

Northeast Private Client Group, Inc. is pleased to present The Manor at Sycamore, a 15-room single-room-occupancy (SRO) rooming house with two rear one-bedroom apartments, located in Worcester, Massachusetts, New England's second-largest city and the commercial hub of Central Massachusetts. The property is a three-story, 1920-vintage masonry building and has been meticulously maintained. The landlord is responsible for the utilities for the rooming house, while the tenants in the two rear apartments are responsible for their own utility expense. The rooms run as a long-tenured residential operation. The property has a live-in superintendent who has been managing and maintaining the property for over 20 years and handles all day-to-day operations. For an investor, 7 Sycamore Street provides a stabilized rooming-house with in-place management and proven operational efficiencies. All interested and qualified parties will have the opportunity to obtain additional information upon request.

Investment Highlights

• Rooms Below the House Rate
• $12,160 Pro Forma Rent Gap
• Laundry Income
• Weekly SRO Rent Structure
• On-Site House Manager
• Fully Sprinklered