About 230 Summer St
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.
Features of 230 Summer St
| MLS® # | 73554570 |
|---|---|
| Price | $1,490,000 |
| Acres | 2.24 |
| Year Built | 1845 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 230 Summer St |
|---|---|
| City | Plymouth |
| County | Plymouth |
| State | MA |
| Zip Code | 02360 |
Amenities
| Utilities | Public Water, Private Sewer |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Roof | Asphalt/Composition Shingles |
|---|
Additional Information
| Zoning | R25 |
|---|
Listing Details
| Agent | J. Murray Regan |
|---|---|
| Office | JMR Commercial RE Services |