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33257159

123 Rooming House Way, Plymouth, NH 03264

AM
NH NH 068063, MA MA 9521498 (+1)
Aluxety
Listed by Aluxety
$1,190,000
1283 days on market
Updated 3 days ago

123 Rooming House Way

Details
Property Type Multifamily
Sub Type Student Housing, Rooming House
Square Footage 5,548
Units 11
Beds 16
Price per SqFt $214
Class B
Year Built 1890
Year Renovated 2017, 2018
Buildings 1
Stories 3
Acreage 0.170
Zoning VC
Parking Spaces 16 spaces
Parking Per SqFt 2.88
Sale Condition 1031 exchange

16 Bedroom Rooming House

Marketing 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.

Operated as high-performing housing. Configuration also supports alternative housing strategies (workforce / short-term), subject to local regulations. Financials, prop. information available with executed NDA and proof of financial capacity.

Listing Contacts

AM
NH NH 068063, MA MA 9521498 (+1)
Aluxety
Listed by Aluxety

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Additional Information

Name
Adeline Matton
License
NH 068063
Brokerage
Aluxety
Brokerage Phone
8008063212
Brokerage Address
19 Elm Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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