$1,190,000
Active123 Rooming House Way
Plymouth, NH, 03264
Commercial · MLS #73528176
Days on market
10 days
Lot size
0.17 ac
0.17 acres
Lot
About this home
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 details
- Parking
- Common, Paved Driveway
Listed by The Commercial Group · Aluxety
Schedule a showing
123 Rooming House Way
Estimated payment
$7,703 / month
Loan term
- Principal & interest
- $6,017
- Property tax
- $1,190
- Home insurance
- $496
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).