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123 Confidential St, Worcester MA 01603

$8,994,000

Estimated $17,434.73/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $8,994,000

Total Rent: 0/year

Estimated CAP Rate: -0.38%

0 Bedrooms

Baths

15,242 SqFt

Total Parking: 24

30,240 SqFt

Rarest of rare - 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...

This home has been viewed 30 times

Last Checked: May 21st, 2025 at 6:00am (Source: MLS PIN #73356282)

Gross Income: $0

Gross Expenses: $34,212

Net Income Calc: $34,212

CAP Rate: -0.38%

Annual Expenses for 123 Confidential St, Worcester MA 01603

Total Gross Expenses (Calculated)$34,212/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$34,212

Annual Income & Unit Breakdown for 123 Confidential St, Worcester MA 01603

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 123 Confidential St, Worcester MA 01603

Listing ID73356282

Property TypeMulti Family / 5+ Family

Price$8,994,000

StyleResidential

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total15,242 SqFt

Approximate Lot Size (Acres)0.69 acres

Total Parking24

Garage Parking

Year Built1970

Year Built Source

Year Renovated

Year Built Details

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation Description

Accessible Features

Outdoor Space

ZoningRG-5

Zoning DetailsOther (See Remarks)

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 123 Confidential St, Worcester MA 01603

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 123 Confidential St, Worcester MA 01603

Real Estate Taxes$34,212

Tax Year2025

Assessed Value

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.38%

Location Information for 123 Confidential St, Worcester MA 01603

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 123 Confidential St, Worcester MA 01603

Agent

Name: Todd Glaskin

MLS ID: BB904200

Office ID: AN6227

National Association ID: 449506296

Office

Name: Coldwell Banker Realty - Newton

MLS Office ID: AN6227

Phone: 617-969-2447

Team Members

Name: Gregg M. Leppo

MLS ID: CT008062

Office ID: AN6227

National Association ID: 449546327

Phone: 781-330-0592

City: Lynn

State: MA

Name: Nicole Romano

MLS ID: CN247649

Office ID: AN6205

National Association ID: 449601866

Phone: 917-751-3624

City: Braintree

State: MA

Payment Calculator

$58,269.17 per month

30 Years Fixed, 6.75% Interest

Property Taxes $2,851.00

Principal & Interest $55,418.17

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Newton

Todd Glaskin

Agent Phone

Office Phone

(617) 969-2447

Text Agent Call Agent Call Office

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    [description] => Rarest of rare - 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.
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[id] => 608251
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            [phone] => 617-969-2447
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[perc_test_date] => Unknown
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    [zoning] => RG-5
    [zoning_details] => Other (See Remarks)
    [media] => Array
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                    [type] => gallery
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                    [created] => 2025-05-21 06:00:44
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EXIT