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!

Property Details

Price:
$1,100,000
MLS #:
73345357
Status:
Active
Beds:
11
Baths:
12
Address:
24 Pleasant St
Type:
Multi Family
Subtype:
5-9 Family
City:
Tewksbury
Listed Date:
Mar 13, 2025
State:
MA
Finished Sq Ft:
9,300
Total Sq Ft:
9,300
ZIP:
01876
Lot Size:
35,034 sqft / 0.80 acres (approx)
Year Built:
2025
Units:
12

Schools

Interior

Bathrooms
12 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping
Parking Spots
12

Financial

Net Operating Income
$57,600
Tax Year
2024
Taxes
$12,711

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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24 Pleasant St
Tewksbury, MA