Pending real-estate-and-business operating-home

Springfield Sober Living

Price
$655,000.00
Listing Tags
turnkey
Beds
25
Size
3278 sqft
Type
Two-Family
Springfield Sober Living

Overview

A stabilized men's recovery housing investment opportunity in Springfield, Massachusetts, featuring a NARR Level II sober living home. With 25 total beds, the property offers buyers a mission-aligned, long-term income asset with minimal landlord responsibilities.

Lease and Income Structure

57 Pearl Street, Springfield, MA 01105 is an established men’s recovery residence located in the heart of Springfield. The property is operated as a NARR Level II home, and is available for purchase as the real estate and operating business.

The home contains approximately 3,294 square feet and supports a service capacity of 25 recovery housing beds. The property was acquired significantly renovated to meet NARR 3.0 standards, including safety upgrades, operational enhancements, and modifications aligned with national and state behavioral healthcare requirements.

Location and Market Context

Springfield is one of the largest cities in Massachusetts and serves as a regional hub for healthcare, transportation, public services, employment, and community resources. The property’s urban location supports its continued use as recovery housing by placing residents near the services and recovery-supportive infrastructure that can help support stability and long-term reintegration.

Key Property Details

  • Address: 57 Pearl Street, Springfield, MA 01105
  • Property Type: Recovery housing / behavioral healthcare real estate facility
  • Building Size: Approximately 3,294 sq. ft.
  • Total Beds: 25
  • Current Use: Men’s recovery residence
  • Certification: NARR Level II Recovery Residence (pending new owner)

Buyer Fit

This property may be well suited for a semi-passive real estate investor, 1031 exchange buyer, healthcare-focused real estate investor, mission-driven purchaser, or nonprofit-aligned buyer seeking a long-term income-producing recovery housing asset.

Property Financials
Bed Data
Private Beds 1
Shared Beds 24
Total Beds 25
Vacancy Rate (estimated) 20%
House Mentors 1
Revenue-Producing Beds 19.00
Weekly Rent $170.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $221,000.00
Less: Vacancy & Loss $44,200.00
Less: Mentor Rent Credit $8,840.00
Plus: Intake Fee Revenue $8,000.00
Plus: Laundry Service Revenue $4,160.00
Total Revenue $180,120.00
Expenses (Annual)
Operating Expenses $23,645.00
Property Taxes $5,569.00
Property Insurance $3,250.00
Operator Compensation $24,000.00
Total Expenses $56,464.00
Net Income
Net Operating Income $123,656.00
Valuation
Capitalization Rate 10%
Value on Cap Rate $1,236,560.00