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$3,000,000
Est. payment /mo
9,929 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,929 sqft
Price per Sqft $302
MLS Listing ID 73469289
HOA Y/N false
Year Built 1910
Annual Tax Amount $15,430
Tax Year 2026
Lot Size 1.400 Acres
Acres 1.4
Property Description
A 2 to 2.5-story wood frame, vinyl sided, former nursing home, Victorian-style structure, with a combination of slate and asphalt shingle roof, 100% sprinklered, a full granite/brick walled foundation & concrete slab basement, built circa 1910, renovated over time. The property is a MASH certified 53-bed sober house under the 12-Step Education Program of NE. This investment offers tremendous upside, when stabilized at an 85% occupancy. Rents were increased as of October 2025, to $310/week for singles, $235/week for shared rooms, $1,250/month for singles & $1,000/month for shared rooms, which includes food. To date, the mix has historically been 10% monthly fees and 90% weekly fees. The property is in need of upgrades. A stabilized proforma at a 15% vacancy, may produce a potential NOI of $71,331 that includes a NNN lease payment to the real estate ownership of $250,000 annually.
Location
State MA
County Middlesex
Area North Billerica
Zoning GB
Others
Senior Community false
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Listed by JMR Commercial RE Services
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Sherry Stallings
Broker Associate | License ID: 9572159
Broker Associate License ID: 9572159