Active real-estate-and-business operating-home

718 Main Street

Price
$775,000.00
Listing Tags
turnkey
Beds
25
Size
4120 sqft
Type
Two-Family

Overview

An established men's recovery residence located in Southbridge, Massachusetts. With nearly ten years of operating history, the property offers 20 beds and is available for lease.

Lease and Income Structure

718 Main Street, Southbridge, MA 01550 is an established men's recovery residence located in Southbridge. The home has been in operation for nearly ten years and is available for lease.

 

The property spans approximately 4,120 square feet and supports a service capacity of 20 recovery housing beds, reflecting a stable and proven program.

 

Location and Market Context

Southbridge is a close-knit south-central Massachusetts community known for its small-town character and access to regional healthcare and employment centers in Worcester County, offering a supportive setting for a recovery residence.

 

Key Property Details

Address: 718 Main Street, Southbridge, MA 01550

Property Type: Two-Family recovery housing facility

Building Size: Approximately 4,120 sq. ft.

Total Beds: 20

Current Use: Men's recovery residence

Operating History: Nearly 10 years

 

Operator Fit

This property may be well suited for an operator seeking a proven, long-running men's home in a supportive Worcester County community.

Property Financials
Bed Data
Private Beds 4
Shared Beds 21
Total Beds 25
Vacancy Rate (estimated) 20%
House Mentors 1
Revenue-Producing Beds 19.00
Weekly Rent $180.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $234,000.00
Less: Vacancy & Loss $46,800.00
Less: Mentor Rent Credit $9,360.00
Plus: Intake Fee Revenue $8,000.00
Plus: Laundry Service Revenue $4,160.00
Total Revenue $190,000.00
Expenses (Annual)
Operating Expenses $26,453.00
Property Taxes $6,024.00
Property Insurance $3,150.00
Operator Compensation $1,500.00
Total Expenses $37,127.00
Net Income
Net Operating Income $152,873.00
Valuation
Capitalization Rate 10.50%
Value on Cap Rate $1,455,933.00