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.
An exceptional investment opportunity awaits with this well-maintained student housing portfolio, located within walking distance of the Plymouth State University campus. This offering includes three high-performing apartment buildings: 42 Main Street: A classic mixed-use property featuring four residential apartments and an 1,800 sq ft commercial space at street levelâ??ideal for retail, office, or service-based tenants. Originally built in 1890 the building was remodeled in 2005. 28 Railroad Square: Built in 2016, this modern apartment building includes six spacious 3-bedroom units, each with dedicated carport parking beneath the building. Shared laundry facilities provide added convenience for tenants. 29 Railroad Square: Constructed in 2020, this sister property mirrors the layout of 28 Railroad Square with six 3-bedroom units and covered parking for each unit. Both Railroad Square buildings are designed for easy maintenance and consistent tenant satisfaction. All three buildings are equipped with sprinkler systems linked to the Fire Department and are within a short walk to Plymouth State University, making them highly desirable for student renters. With a strong rental history and reliable cash flow, this portfolio delivers a solid return on investment.
Plymouth is located in New Hampshire. Plymouth, New Hampshire has a population of 6,645. Plymouth is less family-centric than the surrounding county with 22.9% of the households containing married families with children. The county average for households married with children is 24.41%.
The median household income in Plymouth, New Hampshire is $67,367. The median household income for the surrounding county is $73,755 compared to the national median of $69,021. The median age of people living in Plymouth is 32 years.
The average high temperature in July is 80.9 degrees, with an average low temperature in January of 7.5 degrees. The average rainfall is approximately 44.7 inches per year, with 72.5 inches of snow per year.
