$1,566,000
3,631
Living Area
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Property Description
Located at 4 Nook Rd, Plymouth, this sober house presents an opportunity to own a secure investment in a desirable location. Encompassing 3,631 square feet of living area, the residence, built in 1975, renovated in 2023-24, sits on a 27,841 sq. ft. lot. The sober house is MASH Certified for 24 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 $140.991, which provides the investor a 9.00% yield. Perfect for a 1031 buyer. This property may also be purchased with 230 Summer St, which provides a buyer with an identical yield profile.
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Highlights
- Area: Downtown
- Year Built: 1975
- Property Class: Commercial Sale
- Status: Active
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Additional Details
- Roof: Asphalt/Composition Shingles
- Zoning Description: Legal Conforming
- Zoning: R2-s
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Fees / Taxes
- Tax Year: 2026
- Taxes: $9,209
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Listing information provided courtesy of JMR Commercial RE Services.
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