Description
Licensed 11 room Rooming House generated over $100k in 2021 located in quiet suburban setting close to a multitude of shops and restaurants on Union Street in Downtown Rockland. Location also provides easy access to Rt 3 and the South Weymouth Commuter Rail Station. New owner can either keep the existing system in place which rarely sees vacancies, when vacancies do occur they are filled within a matter of days in most instances due to demand. New owner can also rehab and potentially increase room count. Either scenario would offer the opportunity to increase rents. Property features a large level lot with ample parking,11 bedrooms, a large eat in kitchen, 2.5 bathrooms and . Boiler & Water Heater were replaced in 2018. Large garage can be fixed up and rented as storage or potentially be converted to additional living space. Reliable on site manager is willing to stay on help new owner transition. All tenants are current on rent payments, none are on subsidies. See MLS 72991872.
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0BEDS
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0.39ACRES
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0BATHS
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01/2 BATHS
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2,362SQFT
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$402$/SQFT
School Ratings & Info
Description
Licensed 11 room Rooming House generated over $100k in 2021 located in quiet suburban setting close to a multitude of shops and restaurants on Union Street in Downtown Rockland. Location also provides easy access to Rt 3 and the South Weymouth Commuter Rail Station. New owner can either keep the existing system in place which rarely sees vacancies, when vacancies do occur they are filled within a matter of days in most instances due to demand. New owner can also rehab and potentially increase room count. Either scenario would offer the opportunity to increase rents. Property features a large level lot with ample parking,11 bedrooms, a large eat in kitchen, 2.5 bathrooms and . Boiler & Water Heater were replaced in 2018. Large garage can be fixed up and rented as storage or potentially be converted to additional living space. Reliable on site manager is willing to stay on help new owner transition. All tenants are current on rent payments, none are on subsidies. See MLS 72991872.
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