Prime Development Opportunity – Historic Sycamore Hall & Brand-New Apartments!Unlock the potential of Sycamore Hall—a unique blend of historic charm and modern luxury! This fully approved project offers:? Renovate & Restore: Convert the historic Sycamore Hall into three high-end 1-bedroom apartments plus a 697 sq. ft. office space.? Build New: Construct eight elegant 1-bedroom apartments (approx. 850 sq. ft. each) designed to complement the hall’s timeless character.? Turnkey Ready:Site work & demolition nearly completePermits in hand for both renovation & new constructionWater & sewer on-site for immediate development? Strong Investment Potential: Significant equity and capital already invested, reducing risk and expediting returns.With major approvals secured, this is a rare, ready-to-go development in a prime location. Don’t miss your chance to shape the future while honoring the past!
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Last Updated: March 18th, 2025 at 5:08am
Gross Income: $57,600
Gross Expenses: $12,711
Net Income Calc: $44,889
CAP Rate: 4.08%
Annual Expenses for 24 Pleasant St, Tewksbury MA 01876
Total Gross Expenses (Calculated)$12,711/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$12,711
Annual Income & Unit Breakdown for 24 Pleasant St, Tewksbury MA 01876
Total Gross Income (Calculated)$57,600
Unit 1
Rental Income2550
LeaseN
Bedrooms0
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income2250
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 24 Pleasant St, Tewksbury MA 01876
Listing ID73345357
Property TypeMulti Family / 5+ Family
Price$1,100,000 ($118.28/SqFt)
Style
CityTewksbury
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total9,300 SqFt
Approximate Lot Size (Acres)0.8 acres
Total Parking12
Garage Parking
Year Built2025
Year Built SourceBuilder
Year RenovatedN/A
Year Built DetailsTo Be Built
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area9999
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningCOM
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 24 Pleasant St, Tewksbury MA 01876
Disclosures for 24 Pleasant St, Tewksbury MA 01876
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$57,600
Total Net Income By Broker$57,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 24 Pleasant St, Tewksbury MA 01876
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesShopping, Public Transportation
Contact Information for 24 Pleasant St, Tewksbury MA 01876