17-Bed Recovery Residence in South Portland
Overview
Lease and Income Structure
This three-story single-family house has about 3,981 square feet, including the finished attic, set up as a recovery residence: two private bedrooms and fifteen shared beds, for 17 beds in all, with one bed for a house mentor. It is an operating sober living home in turnkey condition and needs no work before closing. The sale includes the real estate and the business.
Recent work includes plumbing and electrical updates in 2024 and an asphalt roof from 2020. Heat is forced hot air on public natural gas.
We will carry $100,000 in owner financing and put a $25,000 grant toward the purchase, which lowers the cash a buyer needs at closing. The monthly figures below assume 7.1% interest on the debt and use estimated utilities and operating costs.
The house is in South Portland, close to the Portland area's treatment providers, employers and bus routes. To keep the sale confidential, we share the street address and the full financial package after a first conversation with a qualified buyer.