3 Pearl St, Plymouth, NH 03264

Property Description

Turnkey high-cash-flow business & real estate opportunity, fully occupied and leased through May 2027. This legal 5,500+ SF 16-bedroom, 5.5-bath property bordering the PSU campus is currently operating as all-inclusive student housing. The property offers strong in-place income, consistent occupancy history, & an estimated cap rate over 10% based on 2026 projected income and expenses, including management. Private furnished bedrooms are designed for efficient shared living and feature keypad locks, individual Nest thermostats and blackout blinds, with many offering mini fridges and additional built-in cabinet space. Occupants enjoy a community kitchen with plenty of cabinet space, 2 ovens, 2 microwaves, 4 large refrigerators, dishwasher, small appliances and dishes, business-class Wi-Fi, premium cable and a reverse-osmosis water dispenser. Commercial-grade laundry room with 2 card/app-operated washers & 2 gas dryers. Extensive renovations in 2017/2018 include efficient supplemental electric wall units, with a new FHW oil boiler in 2023, metal roof on part of the building and vinyl replacement windows. Much of the electrical and plumbing has been upgraded. Remote-management systems include Nest thermostats, Nest smoke detectors and Ring cameras. Sale includes furniture, household goods, all kitchen appliances and amenities, TV, printer and more. Acquire a stabilized, fully operational housing asset with strong rental demand, modern building systems, and low-lift property management with remote systems in place.