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$1,490,000
Est. payment /mo
2.24 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73467888
HOA Y/N false
Year Built 1845
Annual Tax Amount $10,370
Tax Year 2026
Lot Size 2.240 Acres
Acres 2.24
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.
Location
State MA
County Plymouth
Zoning R25
Direction Under no circumstances should a potential buyer enter onto the premises without the listing agent.
Exterior
Utilities Available Public Water, Private Sewer
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
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Listed by JMR Commercial RE Services
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