Listing Provided by:
Lamacchia Realty, Inc.
Phone: 603-791-4992
Agent: Anthony Castellano
Assumable FHA loan at 3.5% on ~$254K ? saving the buyer $466 per month, over $167,000 in interest over the life of the loan. This fully furnished, turnkey income-producing colonial sits right around the corner from Plymouth State University and the charming town center, nestled at the gateway to the White Mountains and Lakes Region. Currently operating as a proven student and young professional rental with an established rent roll, this expansive 5-bedroom, 2 full bath 1907 colonial offers 2,745 sq ft across three floors plus a 1,218 sq ft unfinished basement on 0.27 acres. Original coffered ceilings, corner fireplace, a light-filled sun-room and classic farmer's porch round out a property that is as livable as it is lucrative. Over $110,000 in documented capital improvements since 2022: full roof replacement; 200-amp panel upgrade; 36 new energy efficient windows; comprehensive kitchen remodel including new stainless appliances; two hyper heat pump systems; new water heater; two updated full bathrooms; refinished hardwood floors; fenced yard with patio and fire pit; newly paved driveway. A rare zoning advantage ? grandfathered legal nonconforming use confirmed by FHA-certified appraiser and Plymouth Building Inspector in 2022. With a stabilized NOI of $66,300 and a 10.2% CAP rate, this home is priced $183K below the certified rebuild cost of $832K. The detached 3-car garage and unfinished basement each represent potential significant ADU conversion opportunities ? with the ability to expand into a multi-unit income asset, subject to permitting. 1031 exchange and investor inquiries welcome.
Listed By
Broker Name: Lamacchia Realty, Inc.
Broker Phone: 603-791-4992
Agent Name: Anthony Castellano
Shown By
Agent Name: Mark Ray
Agent Phone: (603) 356-5757
Broker Title: Badger Peabody & Smith Realty
Estimated Payment
$ 4,005.15 per month $3,179.94 Principal & Interest $635.92 Property Tax $189.29 Homeowner's InsuranceSource: Delta Media Group, Inc.
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14 Pleasant Street, Plymouth, NH 03264.
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