A 2 to 2.5-story wood frame, vinyl sided, former nursing home, Victorian-style structure, with a combination of slate and asphalt shingle roof, 100% sprinklered, a full granite/brick walled foundation & concrete slab basement, built circa 1910, renovated over time. The property is a MASH certified 53-bed sober house under the 12-Step Education Program of NE. This investment offers tremendous upside, when stabilized at an 85% occupancy. Rents were increased as of October 2025, to $310/week for singles, $235/week for shared rooms, $1,250/month for singles & $1,000/month for shared rooms, which includes food. To date, the mix has historically been 10% monthly fees and 90% weekly fees. The property is in need of upgrades. A stabilized proforma at a 15% vacancy, may produce a potential NOI of $71,331 that includes a NNN lease payment to the real estate ownership of $250,000 annually.
Billerica is located in Massachusetts. Billerica, Massachusetts has a population of 41,995. Billerica is less family-centric than the surrounding county with 33.16% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Billerica, Massachusetts is $121,936. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Billerica is 43 years.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 16.9 degrees. The average rainfall is approximately 48.1 inches per year, with 55.2 inches of snow per year.
