Property Photo: 123 Confidential St MA 01603

Listing Courtesy of: MLS PIN / Coldwell Banker Realty / Todd Glaskin

123 Confidential St Worcester, MA 01603

Active (5 Days)

$8,995,000

BED

15,242

SQFT

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Description

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.

MLS #:
73356290

Taxes
$34,212(2025)

Lot Size
0.69 acres

Type
Multifamily

Year Built
1970

County
Worcester County

Listed By

Todd Glaskin, Coldwell Banker Realty

Source
MLS PIN
Last checked Apr 13 2025 at 5:13 PM GMT+0000

Bathroom Details

Property Features

Fireplace: 0
Foundation: Other

Basement Information

Partially Finished

Utility Information

Utilities: Water: Public
Sewer: Public Sewer

Parking

Paved Drive
Total: 24

Stories

Living Area

15,242 sqft

Location

Map View | Street View

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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: The property listing data and information, or the Images, set forth herein wereprovided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. © 2025 MLS Property Information Network, Inc.. 4/13/25 10:13