Rarest of rare - incredible income! Fully rented rest home with 12%++ returns in desirable Worcester market 45 minutes West of Boston. Existing 60-licensed-bed (31 room) Assisted Living Residence/Rest Home located in Central Massachusetts. This offering includes both the business and the real estate. The site consists of approximately 0.70 acres, improved by a one-story sprinklered building totaling over 15,000 square feet. The rest home is currently self-managed by the business and real estate property owner. The business can be transferred with management staff in-place. Site is highly visible with easy access to public transportation. In addition to the 60 beds spread across 31 units, the property includes on-site laundry, kitchen, dining room, and a courtyard. The business generates approximately $4,000,000 of gross income with typical net income of approximately $1,300,000. Disclaimer: Some images have been lightly edited.
For sale
$8,995,000
123 Confidential St, Worcester, MA 01603
31beds
0baths
15,242sqft
Est.:
5-9 Family
Built in 1970
-- sqft lot
$-- Zestimate®
$590/sqft
$-- HOA
What's special
Dining roomOn-site laundryOne-story sprinklered building
- 16 days
- on Zillow |
- 276 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: April 12, 2025 at 12:09am
Listed by:
Todd Glaskin,
Coldwell Banker Realty - Newton,
Gregg M. Leppo
Source: MLS PIN,MLS#: 73356290
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 31
- Bathrooms: 0
Features
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 15,242
- Total interior livable area: 15,242 sqft
- Finished area above ground: 15,242
Property
Parking
- Total spaces: 24
- Parking features: Paved Drive
- Has uncovered spaces: Yes
Lot
- Size: 0.69 Acres
Details
- Zoning: RG-5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Other
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Worcester
Financial & listing details
- Price per square foot: $590/sqft
- Annual tax amount: $34,212
- Date on market: 4/14/2025
- Total actual rent: 32000
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