Property Description

Located at 230 Summer St, Plymouth, this sober house presents an opportunity to own a secure investment in a desirable location. Encompassing 3,814 square feet of living area, the residence, built in 1845, renovated in 2023-24, sits on a 97,537 sq. ft. lot. The sober house is MASH Certified for 22 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 $134.087, which provides the investor a 9.00% yield. Perfect for a 1031 buyer. Can be purchased with 4 Nook Rd, Plymouth, which is a MASH certified 24-bed sober house, with an identical yield profile.

Additional Information

Tax Year:: 2026
Status:: Active
Zoning:: R25
Orig Price:: $1,490,000
LEASE_TYPE:: Nnn
Waterfront:: No
MlsStatus:: Active

Address Map

City:: Plymouth
State:: MA
County:: Plymouth
Postal Code:: 02360
Longitude:: W71° 19' 15.2''
Latitude:: N41° 56' 54.6''

Google Map

Commercial Sale

230 Summer St, Plymouth, Massachusetts

2.24 Acre

$1,490,000

Listing ID #73467888

Basic Details

Property Type :: Commercial Sale
Listing Type :: For Sale
Price :: $1,490,000
Year Built :: 1845
Lot Area :: 2.24 Acre
Listing ID :: 73467888

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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.