operating-home

428 Rogers Street

Price
Listing Tags
Beds
21
Size
3440 sqft
Type
Single Family

Overview

A well-maintained recovery residence located in the heart of Lowell, Massachusetts. Currently operating as a women's home, the property offers 21 beds in a single-family setting available for lease.

Lease and Income Structure

428 Rogers Street, Lowell, MA 01852 is a single-family property in excellent condition, located in the heart of Lowell. The home is currently operating as a women's recovery residence and is available for lease.

 

The property spans approximately 3,440 square feet and supports a service capacity of 21 recovery housing beds. Its well-kept condition and established operations make it a turnkey opportunity for an incoming operator.

 

Location and Market Context

Lowell is a vibrant city in Massachusetts with strong access to healthcare, public transportation, employment opportunities, and community-based recovery resources, providing a supportive environment for residents.

 

Key Property Details

Address: 428 Rogers Street, Lowell, MA 01852

Property Type: Single-Family recovery housing facility

Building Size: Approximately 3,440 sq. ft.

Total Beds: 21

Current Use: Women's recovery residence

Condition: Excellent, move-in ready

 

Operator Fit

This property may be well suited for an operator seeking an established, well-maintained women's home in an active Massachusetts recovery community with minimal startup work required.

Property Financials
Bed Data
Private Beds 2
Shared Beds 19
Total Beds 21
Vacancy Rate (estimated) 14%
House Mentors 3
Revenue-Producing Beds 15.00
Weekly Rent $190.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $207,480.00
Less: Vacancy & Loss $29,047.20
Less: Mentor Rent Credit $29,640.00
Plus: Intake Fee Revenue $7,200.00
Plus: Laundry Service Revenue $3,744.00
Total Revenue $159,737.00
Expenses (Annual)
Operating Expenses $26,090.00
Property Taxes $6,892.00
Property Insurance $2,650.00
Valuation
Capitalization Rate 8%