61 Hanson StreetRochester, NH 03867MLS Number 4638546
- Price: $695,000The price has recently decreased
- Est. Mortgage of $/month
- 135 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.
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 great 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.
Ask A Question
Call: 8005578186 8028629106 or send a message:
- # of 1 Bedrooms4
- # of 2 Bedrooms1
- # of 3 Bedrooms1
- APX Fin AG Sqft8208
- FoundationBrick, Stone
- Heat FuelOil
- Property TypeMulti-Family
- Square Feet8208
- Date Listed06/04/2017
- List Price$695,000
- MLS Number4638546
- Seasonal Y/NNo
- Total Baths6
- Year Built1900
- Water HeaterOil
- BasementConcrete Floor, Full, Storage Space, Unfinished
- StyleHistoric Vintage, Multi-Family
- Electric100 Amp,200 Amp, Circuit Breaker(s), Combo
- Heat SystemBaseboard, Hot Water, Steam
- StreetHanson Street
- Building Number61
- Flood Zone Y/NUnknown
- Lot DescriptionHistoric District, In Town, Near Shopping, Near Public Transportatn, Near Railroad City Lot
- ExteriorBrick, Vinyl Siding
- Parking Spaces2
- Broker NameBean Group / Portsmouth
- Agent NameDuston
- Delayed ShowingsNo
- Number of Photos26
- View Count13
. 1 Bathroom 1564 Square Feet 0.06 Acreage Year Built in 1906.
Price Reduced!!! Looking to own your own Salon?? Take note of this great opportunity! 4 Stations 3 are currently rented with long term tenants. Live in the studio apartment or rent it for additional income. Well established fully operational beauty salon and long term tenant on the second level! More
. 4 Bathroom 2688 Square Feet 0.24 Acreage Year Built in 1881.
Existing clean neat residential triplex with great stabilized investment income or for owner occupied residential/commercial retail/office use. Higher and better use would be for redevelopment as a stand-alone retail fast food with drive-through. Currently, the following abutting /close neighboring businesses are 24-hour: Walgreen, Cumberland Farms and Dunkin' Donuts. This in-town property is comprised of two abutting parcels totaling approximately 0.29 acres. Zoning for this property is DTC - Down Town Commercial encompassed by an ERZ-Economic Recovery Overlay district. The DTC zoning has many redevelopment advantages, such as zero lot line building, no on-site parking requirement, no fee site planning costs, no maximum lot coverage requirement, permitted drive-through and 24-hour operation. The ERZ give the business owner state tax credits for BT and BET. Block Grant monies available and other development incentives available. More
. 8 Bathroom 11376 Square Feet 0.4 Acreage Year Built in 2014.
Good afternoon and welcome to a great investment property located at 2 Leonard Street Rochester NH. This property is on 0.4 acres with two buildings consisting of 4 rental apartments per building totaling a fantastic 8 apartments with full occupancy and positive cash flow. One building was built in 1920 with a brick exterior. This a 3 story unit with a 3 bedroom apartment on the first floor, a 2 bedroom apartment on the second floor, and two 1 bedroom apartment units on the 3rd floor. Tenants pay all their own utilities for this building and each unit has their own heating source. The second building was built in 2014 with easy maintenance vinyl siding and metal trim wrap. This building is a 2 story building with four 2 bedroom units side by side. Each unit is 2 stories with an eat in kitchen, living room on the first floor and 2 bedrooms and 1 full bath on the 2nd floor. Each tenant pays their own utilities in this building with the exception of the heat. The heat is a gas furnace with 4 zones and the fuel source is city gas. With the building being only 3 years old with foam insulation it shows great efficiency as the seller has expressed his city gas cost averages approximately $300.00 per month in the winter for the entire building. A large 16 parking space lot allowing for 2 spaces per unit. If your looking for an investment property, one that gives better return than most options, than this may be for you. Could be your 1031 exchange if your looking. More
. 2 Bathroom 2066 Square Feet 1 Acreage Year Built in 1920.
Here's an opportunity to own one of Rochester's Iconic homes. A brick duplex located next to the beautiful parks on the Common!!! Unique multi-family home with character, that has potential as a great investment or an owner occupied. With a total of 4 bedrooms and 2 baths, there's plenty of room for families of any size. Less than a mile from Downtown Rochester's shops, restaurants, and public transportation. Has great rental history so come see what this property has to offer! More
. 5 Bathroom 4334 Square Feet 0.26 Acreage Year Built in 1996.
This 5 unit property is part of a 4 property project. The FOUR properties are being sold AS ONE PROJECT at the listed price. The price will include: 29 CHESTNUT St. Rochester (this 5 unit property) and 10 HARVARD St. Rochester (a 2 unit bldg) and 69 LAFAYETTE St. Rochester (a 2 unit bldg) and 34 LAFEYETTE St. Rochester (a 3 unit bldg.). All units have been well maintained and are in renting condition. DEED RESTRICTIONS APPLY. This property has many restrictions and requirements More
. 3 Bathroom 3053 Square Feet 0.15 Acreage Year Built in 1901.
Large 3 unit building with just over 3000 sq feet of living space. This property has potential to be income producing right away. With 14 total rooms, 7 bedrooms, and 3 full bathrooms, the property features off street parking, separate heat, hot water and electric. The units have all been recently updated and have many new features. Use it as owner occupant or for investment purposes. Showings to begin 10/2/2017 More
. 0 Bathroom 2160 Square Feet 0.15 Acreage Year Built in 1881.
Bring your hammer and toolbox, this historic duplex is a fixer-upper with plenty of promise for those looking to owner-occupy or invest and flip. Solid bones and spacious rooms with 3 bedrooms in each unit and additional finished living space in the 3rd floor. Roof over Unit B (currently unoccupied) will need attention sooner rather than later. Schedule a showing today! More
. 2 Bathroom 2060 Square Feet 0.23 Acreage Year Built in 1882.
Great 1882 New Englander duplex with a barn. Both units offering that old New England charm with some original features. First floor offers an eat-in kitchen, refinished wood floors, full bath, three bedrooms and both a shared & a private first floor entrance. Second floor unit has a first floor shared entrance and a back private entrance onto a small landing area. It boosts of refinished wood floors, large kitchen, separate dining area, full updated bath and two bedrooms. Set behind the duplex is a very large barn - waiting to be utilized and brought back to life. Property has a side yard for both gardening and summertime gatherings. More
. 4 Bathroom 2800 Square Feet 20.2 Acreage Year Built in 1981.
This property has a gambrel with 2800 sq feet, features 4 bedrooms, beautiful woodwork. Large kitchen with lots of cabinets and counter space-open to dining room with wood stove hookup. There are also 2 ranches on the property. The first one has 2 bedrooms, living room, kitchen, dining room, mud room and one car attached garage, The other ranch has 3 bedrooms, open kitchen, living room. There are also a couple of sheds on the property that need some work, Also there is a 40 x 60 barn that the roof has caved in . The barn sits on a concrete pad. There is also a pond on the property. Close to major routes for easy commute and shopping. More
Copyright 2017 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.