230 Summer St, Plymouth, MA 02360
- $1,490,000
Listing courtesy of Listing Agent: J. Murray Regan from Listing Office: JMR Commercial RE Services.
- List Price
- $1,490,000
- Status
- NEW
- Days on Market
- 3
- MLS#
- 73554570
- Subtype
- Commercial Sale
- Year Built
- 1845
- Lot Size
- 97,537
- Acres
- 2.24
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.
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Additional Information
- Taxes
- $10,370
- Zoning
- R25
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