Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

123 Rooming House Way

Plymouth, NH ID #73528150

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123 Rooming House Way

- Plymouth, NH ID #73528150

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, Multi Family
  • Zip Code: 03264
  • Taxes: 10,738
  • Levels: 2
  • Acres: 0.17

Parking

  • Garage Capacity: 11
  • Parking: Paved, Off Street
  • Parking Spaces: 11

Rooms/Dimensions

  • Total Units: 1
  • Total Floors: 2
  • Total Rooms: 21
  • Has Basement: Yes
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123 Rooming House Way, Plymouth, NH

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of The Commercial Group of Aluxety. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.