4 Nook Rd
Plymouth, MA 02360

$1,566,000

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Listing Details

$1,566,000
MLS# 73554586
Type Commercial - Investment
Status Active

3,631
Square Feet
0.639 acres
Lot Size
1975
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 4 Nook Rd, Plymouth, this sober house presents an opportunity to own a secure investment in a desirable location. Encompassing 3,631 square feet of living area, the residence, built in 1975, renovated in 2023-24, sits on a 27,841 sq. ft. lot. The sober house is MASH Certified for 24 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 $140.991, which provides the investor a 9.00% yield. Perfect for a 1031 buyer. This property may also be purchased with 230 Summer St, which provides a buyer with an identical yield profile.

Features

$9,209 Taxes
Built in 1975

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