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$ 1,566,000
Est. payment | /mo
3,631 SqFt
$ 1,566,000
Est. payment | /mo
3,631 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,631 sqft
Price per Sqft $431
MLS Listing ID 73467642
HOA Y/N false
Year Built 1975
Annual Tax Amount $9,209
Tax Year 2026
Lot Size 0.640 Acres
Acres 0.64
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.
Location
State MA
County Plymouth
Area Downtown
Zoning R2-S
Direction Under no circumstances should anyone enter onto the premises without the listing broker.
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
Listed by JMR Commercial RE Services