14 Pleasant Street
Plymouth, NH 03264
Beds
5
Baths
2
Square Ft.
2,745
$649,000
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… Read More 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. Read Less
Courtesy of Anthony Castellano, Lamacchia Realty, Inc. 603-791-4992
Listing Snapshot
Days Online
22
Last Updated
Property Type
Single Family
Beds
5
Full Baths
2
Square Ft.
2,745
Lot Size
0.27 Acres
Year Built
1907
MLS Number
5084567
Additional Details
Property Access
Road Frontage: No
Building
Basement: Yes, 10 rooms, Built in 1907, 2,745 total finished sqft, Total stories: 3, Construction status: Existing, 1,218 unfinished sqft below grade, 2,745 finished sqft above grade
Roof
Asphalt Shingle
Basement
Basement access: Interior, Concrete Floor, Unfinished
Floors
Carpet, Hardwood, Tile
Appliances & Equipment
Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer, Tank Water Heater
Heating
Propane, Forced Air, Heat Pump
Cooling
Wall AC Units
Utilities
Electric: 200+ Amp Service, Circuit Breaker(s)
Garage
Garage: Yes, Garage capacity: 3
Lot
0.27 acres, 3,963 approx. sqft, 11,761 sqft
Parking
Driveway: Paved
Property
Flood Zone: Unknown, Zoning: SFR, Seasonal: No
Sewer
Public
Taxes
Gross amount: $7,631
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