operating-home

57 Elm Street

Price
Listing Tags
Beds
18
Size
3326 sqft
Type
Single Family

Overview

A large, established women's recovery residence located in the heart of Worcester, Massachusetts. In operation for almost ten years, the property offers 18 beds and is available for lease.

Lease and Income Structure

57 Elm Street, Worcester, MA 01609 is a large, established women's recovery residence located in the heart of Worcester. The home has been in operation for almost ten years and is available for lease.

 

The property spans approximately 3,326 square feet and supports a service capacity of 18 recovery housing beds, reflecting a stable and proven women's program.

 

Location and Market Context

Worcester is the second-largest city in Massachusetts and serves as a regional hub for healthcare, higher education, employment, and public transportation, offering residents strong access to recovery-supportive resources.

 

Key Property Details

Address: 57 Elm Street, Worcester, MA 01609

Property Type: Single-Family recovery housing facility

Building Size: Approximately 3,326 sq. ft.

Total Beds: 18

Current Use: Women's recovery residence

Operating History: Almost 10 years

 

Operator Fit

This property may be well suited for an operator seeking a proven, long-running women's home with an established presence in the Worcester recovery community.

Property Financials
Bed Data
Private Beds 2
Shared Beds 16
Total Beds 18
Vacancy Rate (estimated) 20%
House Mentors 1
Revenue-Producing Beds 13.00
Weekly Rent $190.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $177,840.00
Less: Vacancy & Loss $35,568.00
Less: Mentor Rent Credit $9,880.00
Plus: Intake Fee Revenue $5,600.00
Plus: Laundry Service Revenue $2,912.00
Total Revenue $140,904.00
Expenses (Annual)
Property Taxes $5,706.00
Property Insurance $2,850.00
Valuation
Capitalization Rate 8%