1750 54 Bridge St

Highlights:

• Days on Market: 297
• Parking Features: Fenced, Paved Parking, Security/Monitored
• Heating: Forced Air, Hot Water

Description:

Level

A rare opportunity to acquire a fully certified, turn-key 20-bed Personal Care Home in good standing with all licensing authorities, offering immediate cash flow with clear upside. The facility maintains a consistent waiting list, underscoring durable community demand and long-term operational stability.
The owner is retiring and, post-COVID, has elected not to operate at full capacity—creating below-optimal ROI today and a compelling value-add opportunity for the next operator.
Current Operations & Upside
15 residents in place, most receiving SSI assistance at an average $1,640/month (lowest tier).
Significant income expansion is available by enrolling in higher-paying programs.
Veterans Administration housing programs pay $3,500+ per month.
Skilled nursing and specialized care providers pay materially higher rates for qualified facilities.
The two adjacent property features well-maintained buildings, meticulously owned and operated by the same owner for 20+ years:
1750 Bridge Street – Three-story, detached facility with 3 bedrooms, kitchen, dining room, office, 2 full baths, and partially finished basement.

1754 Bridge Street – Two-story facility featuring 8 rooms, 4 full baths, commercial kitchen, laundry, dining area, office, half bath, storage, and reception on the lower level; second floor mirrors the layout with 5 bedrooms and 2 full baths. Zoning & Flexibility: RSA-5, Permitted Use (Y50): Health or Personal Care Facility. Potential Uses by Variance: Daycare, Residential Apartments, Drug Rehabilitation,
Institutional Facility. Offering Details: Real estate only is offered at the list price.
Optional acquisition of existing SSI occupants’ business goodwill available; Asking Price with goodwill: $779,000.
Financials, licensing, and operational documentation available to serious, pre-qualified investors upon execution of an NDA.
Ideal for experienced operators, investors seeking government-backed income streams, or buyers looking to reposition and scale a compliant care facility with proven demand.

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Listing ID: 803887354118