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.

Additional Information

Area:: Downtown
Tax Year:: 2026
Status:: Active
Zoning:: R2-S
Orig Price:: $1,566,000
LEASE_TYPE:: Nnn
Waterfront:: No
MlsStatus:: Active

Address Map

City:: Plymouth
State:: MA
County:: Plymouth
Postal Code:: 02360
Longitude:: W71° 20' 49.7''
Latitude:: N41° 56' 55.5''

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Commercial Sale

4 Nook Rd, Plymouth, Massachusetts

3,631 Sqft

$1,566,000

Listing ID #73467642

Basic Details

Property Type :: Commercial Sale
Listing Type :: For Sale
Price :: $1,566,000
Square Footage :: 3,631 Sqft
Year Built :: 1975
Lot Area :: 0.64 Acre
Listing ID :: 73467642

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Agent info

Robb Enterprises

Stephen E. Robb
View website
617-212-0251
srobb@robbenterprises.com

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.