61 Hanson StreetRochester, NH 03867MLS Number 4638546
- Price: $695,000The price has recently decreased
- Est. Mortgage of $/month
- 234 Days on Market
|Price||Down Payment||Interest Rate||Years|
Est. Mortgage: $/month
Federal 30-year interest rate: 3.94% last updated on 2017-12-21
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 $100,000 per year. There are four 1-Bed apartments at $825 per month, one 2-Bed at $1100 per month, one 3-Bed at $1200 per month, and 3 commercial retail/office units at $895, $1350 & $895 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.
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- # 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 Count17
. 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
. 0 Bathroom 3018 Square Feet 0.15 Acreage Year Built in 1900.
This mixed use property has two large apartments with an attached commercial building. The commercial building is approximately 574 SF and has two separate suites that could be used as retail or office space. Ample off street parking and high traffic counts makes this a great location for businesses and apartment rentals. *Broker interest. More
. 2 Bathroom 2785 Square Feet 0.15 Acreage Year Built in 1916.
This is a real find!! This duplex has been in the family for 60+ years. However, there is no rental history, because it has been used by family for a long time. The first floor unit has a living room, dining room, kitchen and 3 bedrooms. All the rooms are large and have hardwood floors. Upstairs has living room, dining room, kitchen and 2 bedrooms. But there is a bonus!! There is a large unfinished room that would make an ideal third bedroom. The walk-up attic provides plenty of storage. The utilities are split. The kitchens and baths are a little dated but it adds to the charm of the building. 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 2796 Square Feet 0.17 Acreage Year Built in 1882.
WONDERFUL DUPLEX WITH LARGE UNITS, BOTH UNITS ARE 3 PLUS BEDROOMS. SEPARATE LAUNDRY FOR EACH UNIT. GREAT STORAGE AND LARGE 2 CAR GARAGE. BOTH UNITS ARE RENTED WITHOUT LEASES AND 48 HOUR NOTICE TO SHOW IS REQUIRED. More
. 3 Bathroom 2443 Square Feet 0.12 Acreage Year Built in 1931.
Exceptional in-town property available for investors or commercial use. This well-maintained three-unit building has excellent long term rental history. Many recent updates including roof and heating system converted to natural gas. Bonus detached three-car garage and abundant parking available. More
. 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
. 3 Bathroom 2938 Square Feet 0.19 Acreage Year Built in 1881.
Come see this 2 Unit Multi-Family today! Great for owner occupy or investors! Units have gas fireplaces, newer kitchens, exposed beams, hardwood floors. Laundry hookups. Detached Garage for extra income or storage. More
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