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.
- Area:
- North Billerica
- Tax Year:
- 2026
- Status:
- Active
- Zoning:
- GB
- Orig Price:
- $3,000,000
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Billerica
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 01862
- Longitude:
- W72° 43' 24''
- Latitude:
- N42° 34' 9.1''
Commercial Sale
317 Boston Rd, Billerica, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $3,000,000
- Square Footage :
- 9,929 Sqft
- Year Built :
- 1910
- Lot Area :
- 1.40 Acre
- Listing ID :
- 73469289
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com