About 123 Confidential St
Rarest of rare - fully rented rest home with 12%++ returns in desirable Worcester market 45 minutes West of Boston. Existing 60-licensed-bed (31 room) Assisted Living Residence/Rest Home located in Central Massachusetts. This offering includes both the business and the real estate. The site consists of approximately 0.70 acres, improved by a one-story sprinklered building totaling over 15,000 square feet. The rest home is currently self-managed by the business and real estate property owner. The business can be transferred with management staff in-place. Site is highly visible with easy access to public transportation. In addition to the 60 beds spread across 31 units, the property includes on-site laundry, kitchen, dining room, and a courtyard. The business generates approximately $4,000,000 of gross income with typical net income of approximately $1,300,000. Disclaimer: Some images have been lightly edited.
Features of 123 Confidential St
| MLS® # | 73356282 |
|---|---|
| Price | $8,995,000 |
| Bathrooms | 0.00 |
| Square Footage | 15,242 |
| Acres | 0.69 |
| Year Built | 1970 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 123 Confidential St |
|---|---|
| City | Worcester |
| County | Worcester |
| State | MA |
| Zip Code | 01603 |
Amenities
| Parking Spaces | 24 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Additional Information
| Zoning | RG-5 |
|---|
Listing Details
| Agent | Todd Glaskin |
|---|---|
| Office | Coldwell Banker Realty - Newton |