Active real-estate-and-business ready-to-open

34 South Street

Price
$1,255,000.00
Listing Tags
turnkey
Beds
36
Size
6119 sqft
Type
Single Family
34 South Street

Overview

A rare opportunity to acquire a massive furnished mansion in the heart of Brockton, Massachusetts, ideally suited for an owner-operator seeking a large recovery housing asset with substantial bed capacity. With 36 total beds, over 6,100 square feet, and furniture included, this single-family property offers a strong foundation for a buyer seeking to operate, stabilize, or expand a mission-aligned sober living home in a central urban market.

Lease and Income Structure

34 South Street, Brockton, MA 02301 is a large single-family property in the heart of Brockton, Massachusetts, offered as a significant opportunity for a recovery housing owner-operator. The building contains approximately 6,119 square feet and is configured with 36 total recovery housing beds, including 5 private beds and 31 shared beds. Its size, layout, and existing furnishings make it especially well suited for a buyer seeking a large residential property capable of supporting a substantial sober living operation.

The property is a mansion-style home offered with furniture included, reducing the immediate setup burden and supporting an efficient transition into continued or future use as recovery housing. It is particularly well positioned for an owner-operator: with 36 total beds and a mix of private and shared rooms, it offers meaningful operating capacity and flexibility for resident placement, pricing, and house management. For an experienced operator, the property may support a strong operating model when paired with proper staffing, certification, compliance, and resident support systems.

Brockton is one of the larger cities in southeastern Massachusetts and serves as a regional hub with access to transportation, employment, healthcare, treatment providers, public services, and community resources that support long-term recovery. The home's mansion-style character and large footprint distinguish it from typical single-family housing stock.

A furnished acquisition may be a meaningful advantage, since furniture, fixtures, beds, and common-area furnishings can be a significant part of opening or transitioning a sober living home. This allows a buyer to focus diligence on property condition, compliance, operations, certification requirements, and staffing rather than a full furnishing process. The property may suit an experienced recovery housing operator, nonprofit housing provider, mission-oriented owner-operator, or sober living organization seeking a large furnished asset in Massachusetts. Because of its size and 36-bed capacity, it may be less suited to a passive investor unless paired with a qualified operator; a hands-on owner-operator is best positioned to capture its full potential.

Property Financials
Bed Data
Private Beds 5
Shared Beds 31
Total Beds 36
Vacancy Rate (estimated) 20%
House Mentors 2
Revenue-Producing Beds 27.00
Weekly Rent $180.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $336,960.00
Less: Vacancy & Loss $67,392.00
Less: Mentor Rent Credit $18,720.00
Plus: Intake Fee Revenue $11,600.00
Plus: Laundry Service Revenue $6,032.00
Total Revenue $268,480.00
Expenses (Annual)
Operating Expenses $38,182.00
Property Taxes $9,386.00
Property Insurance $4,150.00
Operator Compensation $24,000.00
Total Expenses $75,718.00
Net Income
Net Operating Income $192,762.00
Valuation
Capitalization Rate 10%
Value on Cap Rate $1,927,620.00