230 Summer St, Plymouth, MA 02360
230 Summer St, Plymouth, MA 02360
230 Summer St, Plymouth, MA 02360
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Alex Sanchez

Alex Sanchez

+1(508) 868-2325
$1,490,000
Est. payment /mo
2.24 Acres Lot
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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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Alex Sanchez

Alex Sanchez

+1(508) 868-2325

Broker Associate | License ID: 0225273496

Broker Associate License ID: 0225273496

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