Listing Provided Courtesy Of:
Andy Yau with RE/MAX Shoreline.
Address
135 North Main Street Rochester, NH
Price
$ 169,900
Property Attributes
  • MLS#4840738
  • TypeCommercial
  • CountySTRAFFORD
  • CityRochester
  • AreaStrafford
  • Zip03867
  • StyleBusiness,Development,Hospitality,Industrial,Invest
  • Year Built1920
  • Taxes$ 3332
  • Price$ 169,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2536
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Andy Yau with RE/MAX Shoreline.
Data Source:
New England Real Estate Network
Property Description

PRICE INCREASE FOR NEW 50 YEAR WARRANTY ROOF AND NEW ROOF SHEATHING PLYWOOD. Investors, flippers, and contractors take notice! Check out this incredible deal, with a great cap rate, in one of the hottest markets in Strafford county! There is unlimited potential, with potential gross income over $42,000 annually, and current expenses below $6,000. Where else can you find three units for only $55,633 a piece? Bring your toolbox and painting supplies, and bring this tired investment back to life. This is the perfect property to execute the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy. Rehab the property and complete a cash out refinance with your built-in sweat equity, then repeat the process again with your refinance proceeds utilized for your next project. This investment consists of two residential units and a commercial unit. The lower level consists of large open-space rooms, perfect for a growing business. The second floor boasts two residential units with two bedrooms each. The unit on the right includes a bonus room and an attic that is perfect for storage. Enjoy the red suede kitchen, accompanied by its stunning brick walls and wood-frame panels. This investment offers many advantages including separate utilities, plenty of parking out back, and more! That is not all: The location cannot get any better, as tenants are located in the heart of downtown and are only a short distance from the Cocheco River, restaurants, convenience stores, and major routes.

Price History
12/4/2020 Listed $159,900

General Features

Area Description Business District, Commercial Zoning, In Town, Near Paths, Near Shopping, Neighborhood, Office Park, Other, Rural, Suburban, Tidal, Valley, Village, Near Public Transportatn, Near Railroad, Near Hospital
Basement Yes
Construction Wood Frame
Cooling Other
Electric 100 Amp
Features - Commercial Other
Flood Zone No
Heating Baseboard, Forced Air, Gas Heater, Hot Air, Hot Water, Other
Listing Area NH-Strafford
Net Income 27896
Parking Off-Site, Off Street
Price Per Sq Ft 67
Road Frontage Yes
Roof Shingle - Asphalt
Sewer Public
Status Active
Tax Year 2019
Type Commercial Sale
Utilities Cable, Cable - At Site, Cable - Available, Gas - At Street, Gas - Underground, High Speed Intrnt -Avail, Internet - Cable, Satellite, Telephone At Site, Telephone Available, Underground Utilities, Other
Water Public
Year Built 1920
Zoning DTC

Interior Features

Basement Access Type Walk-up
Basement Description Dirt, Dirt Floor
Gas - Natural Available Yes
Heating Fuel Gas - Natural Available
Total Number of Units 3

Exterior Features

Exterior Vinyl
Foundation Concrete
Lot Size Area 0.11

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 03867

Statistics provided by Inside Real Estate

Price
AVG $180K
$170K
Taxes
AVG $7,042
$3,332
Visits
AVG 29
29
Year Built
AVG 1943
1920
Walkscore
AVG 56
70
Data Provided by Walkscore ® not using MLS data

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