42-46 Main St | 42 Main Street Ext
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42-46 Main St 42 Main Street Ext
6 Unit Apartment Building $1,750,000 ($291,667/Unit) 3.26% Cap Rate Plymouth, MA 02360
Investment Highlights
- Strategic Location: Nestled in Plymouth’s Downtown Harbor District, 42-46 Main St merges residential and prime retail spaces.
- Investment Expansion: Can be bundled with nearby 85 Sandwich St for enhanced market presence and investment growth.
- Strong Income Potential: Includes four residential units and two popular retail outlets, all with individual metering for robust rental income.
Executive Summary
Seize a remarkable investment opportunity with 42-46 Main St, a legacy building in the heart of Plymouth’s Downtown Harbor District. This mixed-use property blends residential and commercial spaces, featuring four residential units—three 2-bedroom, 1-bath apartments and one studio—alongside two well-established retail outlets, PPapas Pizza and Stevie's, capitalizing on substantial foot traffic. Each unit is individually metered for electric and gas, generating strong rents with significant potential for growth. Owning this prime commercial property not only promises immediate financial returns but also the opportunity to influence the development of downtown Plymouth. Enhance this investment by packaging it with the nearby 85 Sandwich St, amplifying your presence in Plymouth’s expanding market. This property represents a unique chance to own and shape a part of this historic waterfront community.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
Site Amenities
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,625 | - |
| Studios | 1 | $1,050 | - |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | PLYM-000020-000000-000109 | Total Assessment | $1,353,700 (2024) |
| Land Assessment | $237,100 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,116,600 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
PLYM-000020-000000-000109
Land Assessment
$237,100 (2024)
Improvements Assessment
$1,116,600 (2024)
Total Assessment
$1,353,700 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | Downtown/Harbor District (Promote mixed-use development, enhance walkability, and preserve Plymouth's historic architecture to benefit residents and tourists.) |
| Downtown/Harbor District (Promote mixed-use development, enhance walkability, and preserve Plymouth's historic architecture to benefit residents and tourists.) |
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42-46 Main St | 42 Main Street Ext
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