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About the Listing AC2382 - CT009289
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.
Listing Highlights
Status
Active
Days on Site
30
Property Type
Commercial Sale
MLS ®
73469289
Year Built
1910
Total Square Footage
9,929
Lot/Acreage
1.4
County
Middlesex
Area
North Billerica
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Zoning: Legal Conforming
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $15,431
- Taxes w/Assessments: N/A
- Tax/Property ID: Map 41 Block 4 Lot 0,369266
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
317 Boston Rd Billerica, MA 01862
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