Unit Information
Rarest of rare - incredible income! 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.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5-9 Family
- Zip Code: 01603
- Levels: 2
- Parking
- Parking: Paved Drive
- Parking Spaces: 24
- Rooms and Dimensions
- Total Units: 31
- Total Floors: 2
- Total Rooms: 36
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$8,995,000
- Listing ID: 73356290
- Bedrooms: 31
- Living Area: 15,242 sqft Convert
- Lot Size: 30,240 sqft Convert
- Acres: 0.69
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |