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.
Details
| MLS # | 73528150 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 123 |
| Listing Provided By | Aluxety | The Commercial Group |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 5,548 |
| Basement | Y |
| Story(s) | 2 |
| Units | 1 |
| Zoning | VC |
| Acreage | 0.17 |
Interior
| Rooms Total | 21 |
|---|---|
| Cooling Yes / No | No |
| Cooling | None |
| Heating Yes / No | Yes |
| Heating | Baseboard, Electric, Wall Unit, Propane |
| Interior Features | Upgraded Cabinets, Upgraded Countertops, Internet Available - Fiber-Optic, Living Room, Dining Room, Kitchen, Laundry Room |
| Appliances | Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Wood, Tile, Vinyl, Laminate |
Exterior
| Roof | Shingle, Metal |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Other |
| Lot Features | Corner Lot, Sloped |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Off Street, Paved |
| Open Parking Yes / No | Yes |
Utilities
| Utilities | for Electric Range, for Electric Oven, for Gas Dryer, Washer Hookup |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 10738 |
|---|---|
| Tax Assessed Value | 0 |
| Tax Year | 2025 |
Location
| Community Features | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, University |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | NH |
|---|---|
| County | Grafton |
| City | Plymouth |
| Zip Code | 03264 |
| Area | Grafton |
| Listing VS Median (in 03264) | |
Price: $1,190,000 low | high Med: $1,190,000 sqft: 5,548 low | high Med: 5,548 $ / sqft: $214 low | high Med: $214 On site: 123 low | high Med: 123 | |
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Learn More About This Property
| State | NH |
|---|---|
| County | Grafton |
| City | Plymouth |
| Zip Code | 03264 |
| Area | Grafton |
| Listing VS Median (in 03264) | |
Price: $1,190,000 low | high Med: $1,190,000 sqft: 5,548 low | high Med: 5,548 $ / sqft: $214 low | high Med: $214 On site: 123 low | high Med: 123 | |