Description
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.
Details
| MLS # | 73528176 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 145 |
| Listing Provided By | Aluxety | The Commercial Group |
Features
| Bath(s) | 5 |
|---|---|
| Zoning | VC |
| Acreage | 0.17 |
Utilities
| Utilities | Public Water, Public Sewer |
|---|
Taxes
| Tax Annual Amount | 10738 |
|---|---|
| Tax Year | 2025 |
| Tax Map Number | 109012 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | NH |
|---|---|
| County | Grafton |
| City | Plymouth |
| Zip Code | 03264 |
| Area | Grafton |
| Listing VS Median (in 03264) | |
Price: $1,100,000 low | high Med: $1,100,000 On site: 145 low | high Med: 145 | |
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Learn More About This Property
| State | NH |
|---|---|
| County | Grafton |
| City | Plymouth |
| Zip Code | 03264 |
| Area | Grafton |
| Listing VS Median (in 03264) | |
Price: $1,100,000 low | high Med: $1,100,000 On site: 145 low | high Med: 145 | |
 | $1,100,0003 Pearl StPlymouth, NH 03264 |