5 Water StPlymouth, MA 02360

Property Details for 5 Water St

Year built

2024

Property size (Sq ft)

12,224 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a brand-new, two-building multifamily property located in the heart of historic Downtown Plymouth, Massachusetts. The property, situated at 5 Water Street, boasts 16 townhouse-style units, each featuring one bedroom and one bathroom. Built in 2024, these units represent a modern addition to the vibrant Plymouth Harbor area. The total square footage of the property is 12,224 square feet, spread across two, two-story buildings. The property is zoned DH, allowing for a variety of uses within the permitted guidelines. Investors will appreciate the strong cap rate of 6.27%, reflecting the high demand for rental properties in this desirable location. Residents enjoy easy access to a thriving culinary scene, with popular establishments like East Bay Grille, Tavern on the Wharf, Vitamin Sea Brewing, and 71 Degrees West all within walking distance. The convenient location, coupled with the modern amenities and new construction, makes this a compelling investment opportunity in a highly sought-after Massachusetts market. Each unit includes a garage, adding significant value and appeal to potential tenants. The proximity to Plymouth Harbor further enhances the desirability of this property, offering residents picturesque views and convenient access to waterfront amenities. This is a rare chance to acquire a turnkey multifamily investment in a prime location.

Location Insight

City

Plymouth

County

Plymouth

State

Massachusetts

Latitude

41.9547

Longitude

-70.6615

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