MASH-Certified Sober
230 Summer St Plymouth, MA 02360
230 Summer St, Plymouth, MA, 02360
$1,490,000
For Sale
$1,490,000
Renovated sober house leased triple-net with MASH certification for 22 beds.
Property Size3,814 SF
Lot Size2.24 Acres
Price / SF$390.67
Days on Market15
Property Features for 230 Summer St
General Information
- Standard status
- Active
- Size
- 3,814 SF
- Lot size
- 2.24 Acres
Building Details
- Year Built
- 1845
Listing Agency
JMR Commercial RE Services
Listed by
J. Murray Regan
Source
Laerrealty
Added: Jul 7 Updated: Jul 10 at 2:13 pm Checked: Jul 10 at 2:13 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JMR Commercial RE Services
Investment Insights
Based on property information with market context.
This property at 230 Summer St is a sober house built in 1845 and renovated in 2023–24. It contains 3,814 square feet of living area and is MASH Certified to accommodate 22 beds. The offering is structured as a long-term lease on a pure triple net basis, with a 20-year term that commenced in April 2023 and includes 2.5% annual increases.
The residence is situated on a 97,537 square-foot lot in Plymouth, MA. Additional information provided with the listing indicates the possibility to purchase together with a second MASH-certified 24-bed sober house at 4 Nook Rd, Plymouth, with an identical yield profile.
For buyers seeking a purpose-built healthcare-adjacent residential model, the MASH certification and bed-count configuration are key operating details. The property’s triple net lease structure and established lease start date may appeal to investors looking for a stabilized, long-duration cash-flow component, while buyers using 1031 exchanges can evaluate the asset within that framework.
The residence is situated on a 97,537 square-foot lot in Plymouth, MA. Additional information provided with the listing indicates the possibility to purchase together with a second MASH-certified 24-bed sober house at 4 Nook Rd, Plymouth, with an identical yield profile.
For buyers seeking a purpose-built healthcare-adjacent residential model, the MASH certification and bed-count configuration are key operating details. The property’s triple net lease structure and established lease start date may appeal to investors looking for a stabilized, long-duration cash-flow component, while buyers using 1031 exchanges can evaluate the asset within that framework.
Key Highlights
- Renovated 1845 sober house with 3,814 SF of living area
- MASH certified for 22 beds
- Leased on a pure triple‑net basis for 20 years starting April 2023
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.4k | $30.00 |
| − Vacancy | −$6.4k | −$1.68 |
| EGI | $108.0k | $28.32 |
| − OpEx | −$48.6k | −$12.74 |
| NOI | $59.4k | $15.58 |
3,814 SF · lease $30.00/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$848.7K
$742.6K – $990.1K
NOI $59,407 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.63M
NOI $158,051 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gill Dorothy
Law Firm
Similar For Sale Nearby
Similar Off Market Nearby
- New Leaf Transitions — Six, Main St Ext #3595, Plymouth, MA 02361
- Amada Senior Care — 4 Court St Suite 205, Plymouth, MA 02360
FAQs
What type of property is this?
Assisted living facility - Renovated sober house leased triple-net with MASH certification for 22 beds.
Where is this assisted living facility located?
The property is located at 230 Summer St Plymouth, MA.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Renovated 1845 sober house with 3,814 SF of living area; MASH certified for 22 beds; Leased on a pure triple‑net basis for 20 years starting April 2023
