Turnkey high-cash-flow opportunity leased through May 2027. This legal 16-bedroom, 5.5 bath student rooming house bordering campus offers strong in-place income, and consistent occupancy history, with an estimated Cap Rate of 10+%. Featuring 5,500+ SF with private furnished bedrooms designed for efficient shared living easily managed with several remote-management systems. 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. Rare opportunity to acquire a stabilized, fully operational student housing asset with strong rental demand, modern building systems, and minimal day-to-day management requirements.
- Heating System:
- Wall Unit, Propane, Electric, Baseboard
- Cooling System:
- No
- Basement:
- Full, Interior Entry, Unfinished
- Parking:
- Off Street, Paved, Paved Drive
- Appliances:
- Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Construction:
- Frame
- Flooring:
- Tile, Wood, Vinyl, Laminate
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking
- Interior Features:
- Internet Available - Fiber-optic, Kitchen, Upgraded Cabinets, Dining Room, Living Room, Upgraded Countertops, Laundry Room
- Lead Paint:
- Unknown
- Laundry Features:
- Gas Dryer Hookup, Washer Hookup
- Road Type:
- Paved
- Rent Fee Includes:
- Water, Electric, Gas, Hot Water), Unit 1(heat
- Market Time:
- 6
- Parking Spaces:
- 11
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $214
- Zoning:
- VC
- No Units:
- 1
- Orig Price:
- $1,190,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Plymouth
- State:
- NH
- County:
- Grafton
- Postal Code:
- 03264
- Longitude:
- W72° 18' 34.7''
- Latitude:
- N43° 45' 26''
Residential Income
123 Rooming House Way, Plymouth, New Hampshire
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,190,000
- Bedrooms :
- 16
- Rooms :
- 21
- Total Bathrooms :
- 5.5
- Full Bathrooms :
- 5
- Half Bathrooms :
- 1
- Square Footage :
- 5,548 Sqft
- Year Built :
- 1890
- Lot Area :
- 0.17 Acre
- Listing ID :
- 73528150
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
