14 Pleasant St, Plymouth, NH 03264
- $529,000
- 5
- BD
- 2
- BA
- 2,745
- SqFt
Listing courtesy of Anthony Castellano from Lamacchia Realty, Inc.. ()
- List Price
- $529,000
- Status
- ACTIVE
- Price Change
- ▼ $70,000 1785792225
- MLS#
- 5084567
- Subtype
- Residential
- Style
- Colonial
- Year Built
- 1907
- Bedrooms
- 5
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,745
- Lot Size
- 11,761
- Acres
- 0.27
Property Description
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.
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Additional Information
- Interior Features
- Ceiling Fans, Furnished, Kitchen/Dining, Natural Light, Walk-In Closet(s), First Floor Laundry, Attic
- Exterior Features
- Partial Fence, Covered Porch
- Taxes
- $7,631
- Property Description
- Colonial
- Zoning
- SFR
- Flooring
- Carpet, Hardwood, Tile
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer, Tank Water Heater
- Heating
- Propane, Forced Air, Heat Pump
- Air Conditioning
- Window/Wall
- Levels
- Three Or More
- Roof
- Asphalt
- Foundation
- Fieldstone
- Parking Features
- Driveway, Garage, Off Street, Detached
- Garage Spaces
- 3
- School District
- Plymouth School District
- Elementary School
- Plymouth Elementary School
- High School
- PlymouthRe
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