123 Rooming House Way, Plymouth, NH 03264
- $1,190,000
- 16
- BD
- 6
- BA
- 5,548
- SqFt
- List Price
- $1,190,000
- Status
- ACTIVE
- MLS#
- 73528150
- Bedrooms
- 16
- Bathrooms
- 6
- Full Baths
- 5
- Half Baths
- 1
- Living Area
- 5,548
- Lot Size (Acres)
- 0.17
- Year Built
- 1890
Property Description
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.
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Additional Information
- Taxes
- $10,738
- Interior Features
- Upgraded Cabinets, Upgraded Countertops, Internet Available - Fiber-Optic, Living Room, Dining Room, Kitchen, Laundry Room
- Parking Description
- Paved Drive, Off Street, Paved
- Lot Description
- Corner Lot, Sloped
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: The Commercial Group from Listing Office: Aluxety.
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