About 3 Pearl St
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.
Features of 3 Pearl St
| MLS® # | 73528150 |
|---|---|
| Price | $1,100,000 |
| Bedrooms | 16 |
| Bathrooms | 5.50 |
| Full Baths | 5 |
| Half Baths | 1 |
| Square Footage | 5,548 |
| Acres | 0.17 |
| Year Built | 1890 |
| Type | Residential Income |
| Sub-Type | 5+ Family - Rooming House |
| Status | Active |
Community Information
| Address | 3 Pearl St |
|---|---|
| City | Plymouth |
| County | Grafton |
| State | NH |
| Zip Code | 03264 |
Amenities
| Utilities | for Electric Range, for Electric Oven, for Gas Dryer, Washer Hookup |
|---|---|
| Parking Spaces | 11 |
| Parking | Paved Drive, Off Street, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
| Stories | 2 |
Additional Information
| Zoning | VC |
|---|
Listing Details
| Agent | The Commercial Group |
|---|---|
| Office | Aluxety |