MLS#73528176
STATUSActive
PROPERTY TYPECommercial - Investment
Property Description
Turnkey high-cash-flow business & real estate opportunity leased through May 2027. This legal 5,500+ SF 16-bedroom, 5.5 bath property is currently operating as a student rooming house. The property offers strong in-place income, consistent occupancy history, & an estimated Cap Rate of 10+%. Private furnished bedrooms designed for efficient shared living. Occupants enjoy a community kitchen with 2 ovens, 2 microwaves, 4 large refrigerators, dishwasher, business class Wi-Fi, premium cable and reverse-osmosis water dispenser. Commercial-grade laundry room with 2 card app washers & 2 gas dryers. Extensive renovations in 2017/2018 including efficient supplemental electric wall units, new boiler in 2023, metal roof on part of building and vinyl replacement windows. Acquire a stabilized, fully operational housing asset with strong rental demand, modern building systems, and low lift property management with remote systems in place.
Property Features
Property Type: Commercial - Investment
Lot Size: 0.17 Acres
Taxes: $10,738
Year Built: 1890
Feature Descriptions
Business Type: 5+ Residential
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 55
Rental Term: Monthly
Utilities: Public Water, Public Sewer
Listed By / Shown By
Listed By
Agency Name: Aluxety
Agent Name: The Commercial Group
Agency Phone: 800-806-3212
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
TOUR PROPERTY
Choose a date and time to see 123 Rooming House Way, Plymouth, NH 03264.
An agent will get in touch to confirm your request shortly.
123 Rooming House Way | MLS# 73528176
This commercial property located at 123 Rooming House Way, Plymouth, NH 03264 is currently listed for sale with an asking price of $1,190,000. Search Plymouth real estate on www.masiellogrouprealestate.com today.