Property Description

261 Plymouth Street consists of a three-story building with eight (8) residential units comprised of five (5) Studio units, two (2), 1-Bedroom/1-Bathroom units and one (1), 2-Bedroom/1 Bathroom units with 3,810 square feet of living area in 5,102 total gross square feet. The Property is situated on a 0.60-acre parcel of land with thirteen (13) off-street parking spaces available for tenants. The Property features recently upgraded vinyl siding and a newer septic system. The building is centrally metered for electricity, gas-fired heat, gas-fired hot water, and domestic water which the Landlord pays directly. The Landlord is also responsible for septic system maintenance. In-place rents are below the current market rate for comparable units in the area, offering the Buyer the potential to raise rents and increase current revenue through programmatic updates to the units and common areas.