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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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317 Boston Rd , Billerica, MA 01862
$3,000,000
Est. Payment: $6,666.67/mo
0 Bed
0 Bath
9929 Sqft
Status: Active | Days on site: 244
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AC2382 - CT009289
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House Description

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.

Highlights

Listed by J. Murray Regan , 617-851-3458 JMR Commercial RE Services , 617-851-3458.

Property Type

Commercial Sale

Lot/Acreage
1.4

Year Built

1910

County

Middlesex

Area

North Billerica

Listing ID

73469289

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:Legal Conforming
Principal Interest
$6,667
Taxes
$1,286

Home Price

$3,000,000

Loan Details

30 yrs
%

Down Payment

20%
$600,000
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Monthly Price:
$6,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,666.67 $1,285.90 $0.00 $7,952.57
Yearly $80,000.00 $15,430.85 $0.00 $95,430.85
Total $2,400,000.00 $462,925.50 $0.00 $2,862,925.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Billerica, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.