A 2 to 2.5-story wood frame, vinyl sided (former hospital), with a combination membrane and asphalt shingle roof, elevator access, full granite/brick wall foundation & concrete slab basement, built circa 1900, renovated over time. The property is a MASH certified as a 50-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 Oct 2025 to $310/week for singles, $235/week for shared rooms, $1,250/month for singles & $1,000 for shared rooms (all include food). to date, the mix has historically been 10% monthly fees & 90% weekly fees. A stabilized proforma at a 15% vacancy, may produce a potential NOI of $65,,567 that includes a NNN lease payment to the real estate ownership of $235,000 annually.
- Tax Year:
- 2026
- Status:
- Active
- Zoning:
- BH
- Orig Price:
- $3,000,000
- LEASE_TYPE:
- Other (see Remarks)
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Woburn
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 01801
- Longitude:
- W72° 49' 11.3''
- Latitude:
- N42° 28' 5.4''
Commercial Sale
171 Old Cambridge Rd, Woburn, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $3,000,000
- Year Built :
- 1900
- Lot Area :
- 0.93 Acre
- Listing ID :
- 73469266
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com