BEDS16
BATHS5 full 1 partial
SQUARE FEET5,548
MLS#73528150
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Interior Entry, Unfinished
Basement: Yes
Cooling: None
Heating: Baseboard, Electric, Wall Unit, Propane
Lot Size: 0.17 Acres
Roof Type: Shingle, Metal
Stories: 2.0
Taxes: $11,252
Year Built: 1890
Amenities
Upgraded Cabinets
Upgraded Countertops
Internet Available - Fiber-Optic
Living Room
Dining Room
Kitchen
Laundry Room
Feature Descriptions
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Building Area Total: 5548
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, University
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
Dwelling Type: 5+ Family - Rooming House
Exclusions: Occupants Personal Items.
Exterior: Frame
Flooring: Wood, Tile, Vinyl, Laminate
Frontage: 76.00
HeatingY/N: 1
Laundry: Gas Dryer Hookup, Washer Hookup
Lot Features: Corner Lot, Sloped
Open Parking Y/N: Yes
Parking Features: Paved Drive, Off Street, Paved
Parking Total: 11
Patio And Porch: Porch
Rent Includes: Unit 1(Heat, Electric, Gas, Water, Hot Water)
Road Responsibility: Public Maintained Road
Rooms Total: 21
Sewer: Public Sewer
Units: 1
Utilities: for Electric Range, for Electric Oven, for Gas Dryer, Washer Hookup
Water: Public
Listed By / Shown By
Listed By
Agency Name: Aluxety
Agent Name: The Commercial Group
Agency Phone: 800-806-3212
Shown By
Agent Name: Jared McBride
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 3,933.17 per month $2,648.42 Principal & Interest $937.67 Property Tax $347.08 Homeowner's Insurance
123 Rooming House Way | MLS# 73528150
This multi-family property located at 123 Rooming House Way, Plymouth, NH 03264 is currently listed for sale with an asking price of $1,190,000. Search Plymouth real estate on jaredmcbride.masiellogrouprealestate.com today.