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:
- Buyers and buyers agents to perform due diligence. Some photos may be virtually enhanced. contingent on finding suitable housing, property identified, See Rear Right Side Right of Way in document section which allows 3 Hardwick Terrace Houses & 4 Dunboy St houses access to create driveways for additional parking.
- 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
