Steven Espeaignnette
REALTOR®
MLS#73554570
STATUSActive
PROPERTY TYPECommercial - Investment
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.
Property Features
Property Type: Commercial - Investment
Lot Size: 2.24 Acres
Roof Type: Asphalt/Composition Shingles
Taxes: $10,370
Year Built: 1845
Feature Descriptions
Business Type: 5+ Residential
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 1
Parcel Number: Map 100 Lot 32A,3954448
Rental Term: Monthly
Utilities: Public Water, Private Sewer
Listed By / Shown By
Listed By
Agency Name: JMR Commercial RE Services
Agent Name: J. Murray Regan
Agency Phone: 617-851-3458
Shown By
Agent Name: Steven Espeaignnette
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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230 Summer St | MLS# 73554570
This commercial property located at 230 Summer St, Plymouth, MA 02360 is currently listed for sale with an asking price of $1,490,000. Search Plymouth real estate on stevenespeaignnette.masiellogrouprealestate.com today.