operating-home

94 Elm Street

Price
Listing Tags
Beds
17
Size
4432 sqft
Type
Single Family

Overview

An established men's recovery residence located in the heart of Worcester, Massachusetts. In operation for nearly ten years, the property offers 18 beds and is available for lease.

Lease and Income Structure

94 Elm Street, Worcester, MA 01609 is an established men's recovery residence located in the heart of Worcester. The home has been in continuous operation for nearly ten years and is available for lease.

 

The property spans approximately 4,432 square feet and supports a service capacity of 18 recovery housing beds. Its long operating history reflects a stable, proven program in an active recovery community.

 

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: 94 Elm Street, Worcester, MA 01609

Property Type: Single-Family recovery housing facility

Building Size: Approximately 4,432 sq. ft.

Total Beds: 18

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 with an established presence in the Worcester recovery community.

Property Financials
Bed Data
Private Beds 1
Shared Beds 16
Total Beds 17
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 $167,960.00
Less: Vacancy & Loss $33,592.00
Less: Mentor Rent Credit $9,880.00
Plus: Intake Fee Revenue $5,600.00
Plus: Laundry Service Revenue $2,912.00
Total Revenue $133,000.00
Expenses (Annual)
Property Taxes $7,068.00
Property Insurance $4,400.00
Valuation
Capitalization Rate 8%