SQUARE FEET3,631
MLS#73554586
STATUSActive
PROPERTY TYPECommercial - Investment
Property Description
Located at 4 Nook Rd, Plymouth, this sober house presents an opportunity to own a secure investment in a desirable location. Encompassing 3,631 square feet of living area, the residence, built in 1975, renovated in 2023-24, sits on a 27,841 sq. ft. lot. The sober house is MASH Certified for 24 beds, is leased on a pure triple net basis for 20 years, which commenced as of April 2023, with 2.5% annual increases, at a current rent of $140.991, which provides the investor a 9.00% yield. Perfect for a 1031 buyer. This property may also be purchased with 230 Summer St, which provides a buyer with an identical yield profile.
Property Features
Property Type: Commercial - Investment
Lot Size: 0.64 Acres
Roof Type: Asphalt/Composition Shingles
Taxes: $9,209
Year Built: 1975
Feature Descriptions
Building Area Total: 3631
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
Parcel Number: Map 25 Lot 26B,1118491
Rental Term: Monthly
Utilities: Public Water, Public Sewer
Listed By / Shown By
Listed By
Agency Name: JMR Commercial RE Services
Agent Name: J. Murray Regan
Agency Phone: 617-851-3458
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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4 Nook Rd | MLS# 73554586
This commercial property located at 4 Nook Rd, Plymouth, MA 02360 is currently listed for sale with an asking price of $1,566,000. Search Plymouth real estate on www.masiellogrouprealestate.com today.