10 Chestnut Hill RoadRochester, NH 03867MLS Number 4617095
- Price: $749,000The price has recently decreased
- 291 Days on Market
|Price||Down Payment||Interest Rate||Years|
Est. Mortgage: $/month
Federal 30-year interest rate: 4.03% last updated on 2017-07-13
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
- 472Road Frontage
Retail strip center investment opportunity adjacent to Rite Aid on Chestnut Hill Road in Rochester, NH. This center is currently configured with three separate retail units and was constructed in 2006. The largest unit is currently leased to a salon business and will be sold with the lease in place. The adjacent units provide an opportunity for two tenants or one combined single tenant to complete the leased area to be purchased. One unit was recently vacated as a fully built-out franchised sub restaurant and could easily be adapted to a new restaurant user. Investment opportunity knocks here for the right buyer!
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- Modification Date07/28/2017
- List Price$749,000
- Date Listed2017-02-07T00:00:00
- MLS Number4617095
- Sale IncludesLand/Building
- Building Number10
- StreetChestnut Hill
- FuelGas - Natural
- Broker NameBean Group / Portsmouth
- Agent NameMcInnis
- Delayed ShowingsNo
- Number of Photos20
- View Count9
- Square Feet5500
- Year Built2006
- Available Sqft5500
- Property TypeCommercial Sale
- Road Frontage472
- Lot Sqft47480
- TypeInvestment, Retail
. 12642 Square Feet 0.22 Acreage Year Built in 1920.
Great upside potential in this downtown brick mixed use building. Recent area business relocations and expansions have increased the demand for Workforce Housing and downtown shopping, dining and entertainment, and these buildings are ideally positioned to fill some of that need. Local employers range from service and small manufacturing to aerospace, and there is a constant need for a wide diversity of talent and experience. Cultural attractions abound, with the recently renovated Rochester Opera House providing a wide range of offerings right in the center of Town. Building offers a 11 units, of which 8 are one bedroom apartments and the balance are commercial storefronts. All commercial spaces are rented, as are allof the residentials. Don't miss out on this fabulous opportunity to participate in the boom! OWNER IS A LICENSED REAL ESTATE BROKER IN NH & MA More
. 8208 Square Feet 0.1 Acreage Year Built in 1900.
CASH COW! This package consists of a 9-unit mixed use building at 59-65 Hanson Street, along with a separately deeded, buildable lot at 55 Hanson Street. When full, the building can pull in over $96,600 per year. There are four 1-Bed apartments at $775 per month, one 2-Bed at $1000 per month, one 3-Bed at $1250 per month, and 3 commercial retail/office units at $650, $1300 & $750 per month, respectively. There's also coin-op laundry machines which add to the revenue. All of the apartments have just been leased to new tenants within the last couple of months and they are some amazing tenants! Only one of the commercial units is currently leased and the other two units are being painted and readied for new tenants. Property taxes are just under $11000 per year, water/sewer is approx $4000 per year, insurance is $1500 per year and utilities average approx $10000 per year. That puts the anticipated net at approx $70000 with a full house. At a sale price of $695000, the building is being offered with a very healthy potential cap rate of a 10%! Many improvements within the last 10 years include new siding, windows, and a new 2-bay garage attached to one of the commercial units. More recent improvements include upgrades to all of the apartments - paint, appliances, lights, plumbing fixtures, etc. A brand new roof was also installed 2 years ago. By appointment only - please do not enter the building or discuss the sale with tenants. Seller is a licensed NH Real Estate Agent. More
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