176-178 Court StPlymouth, MA 02360

Property Details for 176-178 Court St

Year built

1900

Lot size

0.71 AC

Property size (Sq ft)

7,601 SF

Property type

Mixed-use properties

Property subtype

Apartment buildings

Description

This exceptional mixed-use investment property, located at 176-178 Court Street in the heart of Downtown Plymouth, Massachusetts, presents a compelling opportunity. The 7,601 square foot building, constructed in 1900 and extensively renovated in 2021, comprises two buildings across two stories and sits on a 0.71-acre lot. Currently boasting 100% occupancy with seven residential and three commercial units, the property generates a substantial net operating income (NOI) of $129,228, with a pro-forma NOI of $218,028. The current cap rate stands at 6.99%, while the pro-forma cap rate is a promising 11.79%. The asking price is $1,850,000, translating to a price per square foot of $243.39. The property features a 24x24 detached garage with a bay, offering additional rental income potential. Dedicated parking is available for each unit. All leases are tenant-at-will. The property is zoned TC and benefits from its prime location near iconic landmarks, parks, beaches, shops, restaurants, and major transportation routes. A coin-operated laundry in the basement adds to the property's income stream. The commercial spaces are ideal for retail or professional offices. Residential units offer modern finishes and updated kitchens and bathrooms. Detailed financial information, including a rent roll and expense report, is available upon request. Buyer to verify all information.

Location Insight

City

Plymouth

County

Plymouth

State

Massachusetts

Latitude

41.9642

Longitude

-70.6763

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].