$499,000

Unlock immediate, proven passive income with this fully furnished, turn-of-the-century 5-bedroom Colonial located just steps from Plymouth State University and Plymouth’s vibrant downtown center. Operating as a high-performing rental with an established rent roll, this property delivers a stabilized NOI of $66,300 and an exceptional 10.2% CAP rate, priced $183,000 below its certified rebuild valuation of $832,000. Spanning 2,745 square feet across three levels with an additional 1,218 square foot unfinished basement, this residence also offers an oversized sixth room with immediate upside for extra income generation. Investors will appreciate the rare grandfathered legal non-conforming zoning advantage, fully verified by an FHA-certified appraiser and Plymouth Building Inspector. Best of all, over $110,000 in major capital improvements since 2022 mean the heavy lifting is done, featuring a full roof replacement, 200-amp electrical panel upgrade, 36 new energy-efficient windows, hyper heat pump systems, a new water heater, refinished hardwood floors, two renovated full baths, and a remodeled kitchen with stainless appliances. Classic architectural details, including original coffered ceilings, a corner fireplace, a sun-filled sunroom, and a quintessential farmer’s porch,bring timeless appeal, while the fenced yard with patio, fire pit, and newly paved driveway offer excellent outdoor living at the gateway to the Lakes Region and White Mountains.