176-178 Court St
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176-178 Court St
10 Unit Apartment Building $1,850,000 ($185,000/Unit) 6.99% Cap Rate Plymouth, MA 02360
Investment Highlights
- High visibility (Rt 3A)
- Downtown Plymouth
Executive Summary
Mixed-use investment opportunity in Downtown Plymouth, MA. Residential & commercial units have been well-maintained and offer modern finishes. Commercial spaces are suitable for retail or professional offices—ample on-site parking with dedicated parking spaces for each unit. A large 24x24 detached garage with a bay and dedicated parking could be rented for additional income. The property is fully leased, has a strong rental history, and a stable tenant base. Current rents are under market value. Close to iconic landmarks, parks, beaches, boutique shops, acclaimed restaurants, and major transportation routes. Long-term investment security with Plymouth's growing popularity and rich history. Whether you want to diversify your real estate portfolio or capitalize on the thriving local economy, this mixed-use property is poised to deliver value and lasting appeal. All leases are tenant-at-will. The property currently has 10 units. (7 residential units & 3 commercial units) Rent Roll & Expense available by request. Coin-op laundry in basement. Buyer to verify all info. including but not limited to sq ft of each unit, income, and expense
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$165,500
|
$21.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$165,500
|
$21.77
|
| Taxes |
$11,300
|
$1.49
|
| Operating Expenses |
$25,060
|
$3.30
|
| Total Expenses |
$36,360
|
$4.78
|
| Net Operating Income |
$129,140
|
$16.99
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $165,500 |
| Annual Per SF | $21.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $165,500 |
| Annual Per SF | $21.77 |
| Taxes | |
|---|---|
| Annual | $11,300 |
| Annual Per SF | $1.49 |
| Operating Expenses | |
|---|---|
| Annual | $25,060 |
| Annual Per SF | $3.30 |
| Total Expenses | |
|---|---|
| Annual | $36,360 |
| Annual Per SF | $4.78 |
| Net Operating Income | |
|---|---|
| Annual | $129,140 |
| Annual Per SF | $16.99 |
Property Facts
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | PLYM-000011-000000-000018A | Total Assessment | $900,600 (2024) |
| Land Assessment | $528,300 (2024) | Annual Taxes | $11,300 ($1.49/SF) |
| Improvements Assessment | $372,300 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
PLYM-000011-000000-000018A
Land Assessment
$528,300 (2024)
Improvements Assessment
$372,300 (2024)
Total Assessment
$900,600 (2024)
Annual Taxes
$11,300 ($1.49/SF)
Tax Year
2023
zoning
| Zoning Code | TC |
| TC |
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Ryan Realty Group LLC
176-178 Court St
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