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''
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
Agent info
Robb Enterprises
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
Contact Agent