230 Summer St
Plymouth, MA 02360

$1,490,000

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Listing Details

$1,490,000
MLS# 73554570
Type Commercial - Investment
Status Active

2.239 acres
Lot Size
1845
Year Built

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Listed By

Agency Name: JMR Commercial RE Services
Agent Name: J. Murray Regan
Agency Phone: 617-851-3458

Shown By

Agent Name: Makenzie Donahue
Agent Phone: (781) 801-7587
Agency Title: Donahue Real Estate Co.

Home Value Estimate

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.

Features

$10,370 Taxes
Built in 1845

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