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.
- Disclosure
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- VC
- Orig Price:
- $1,190,000
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Plymouth
- State:
- NH
- County:
- Grafton
- Postal Code:
- 03264
- Longitude:
- W72° 18' 34.7''
- Latitude:
- N43° 45' 26''
Commercial Sale
123 Rooming House Way, Plymouth, New Hampshire
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,190,000
- Year Built :
- 1890
- Lot Area :
- 0.17 Acre
- Listing ID :
- 73528176
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com